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

To: ivan solotaroff who wrote (10547)	1/14/1998 3:41:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Ivan, VVUS is likely to signal at 9 1/4 to 9 1/2 unless the market really cooperates and pulls the plug to take it to 8 7/8. On the other hand, a relation to the MEEP is the last pregap downtrend. That line eventually becomes resistance (at least temporarily) as the cat tries to climb the ladder. For VVUS it is along the highs on 11/21 and 12/8. A climb to that line would create a good short opportunity. Since VVUS is now above the postgap downtrend, I think a short here may be a bit premature. Doug R