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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Dave H who wrote (10141)	1/6/1998 3:02:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79214

Dave, Next support I see for RECY (it has some fight left at 5, but probably not much, IMO) is about 3 7/8, where it has a massive symmetrical triangle trending toward an apex sometime in the next month. No one save MMs and favored clients of full-service brokers (or, in any case, brokers who make a market in the stock) will be able to short it at that point, but there should be some hefty percentages (technically speaking, of course) to be made on the upside there. And, of course, it's a very interesting and promising company. Interesting that the next big battle will probably be coming to a head right in the middle of the January effect (if there is one this year), when stocks like RECY tend to get their 3-500% shot in the arm by the value investors. Helps to have momentum going into, and RECY probably won't. If by some miracle it does attract some buyers (and RECY, as we all know, is a miracle story), and go with momentum into mid-January, could be a great play long, too. The other consideration is that RECY has now gone in four- to six-week legs, up and down, for about four months. We may now coming to an end of one of the longer legs--if that pattern means anything, of course, which will be told by the next few weeks. I'd love to be back in RECY. For one thing, it's great to see your stock's name repeated on every garbage can and every third truck that passes, plus countless signs and warnings. RECY for the long haul! (Starting, maybe, in late January) Ivan