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To: tech who wrote (4012)	1/14/1998 2:45:00 PM
From: Gregory G.	Respond to of 10786

thanks tech for your tech insight. jag

To: tech who wrote (4012)	1/15/1998 9:57:00 AM
From: Trader X	Read Replies (1) \| Respond to of 10786

Analysis of ALYD chart. tech wrote: <<The first major resistance level is at $16 1/6.>> "Major resistence" is defined as "a price level that had previously been support on several down moves, or where solid resistence to further upmoves has previously occurred." As we can see from the 3 month ALYD chart: chart2.bigcharts.com:80/chart?time=6&freq=1&uf=0&lf=16&type=4&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=alyd&ma=3&comp=&trans=0&r=chart&sid=9330&sec=c&xyz=127011797&s=5861 only once has $16 1/16 been any trouble, 2 weeks ago. Two weeks previously it shot through 16 to an eventual close of $20. While $16 has shown to be resistence, it has to be called merely "Minor resistence". From the one year chart: chart2.bigcharts.com:80/chart?time=8&freq=1&uf=0&lf=16&type=4&style=3&size=3&maval=10&state=0&compidx=aaaaa&symb=alyd&ma=3&comp=&trans=0&r=chart&sid=9330&sec=c&xyz=127623766&s=28480 we see that the next real major resistence level is $20, and after that, $23. This is determined by the definition of major resistence, a price of previous support/resistence. In the case of $20 and $23, ALYD has had both support and resistence, previously. Meanwhile, the Stocastics has turned up signaling a possible uptick in price out of this consolodation phase. -Kevin