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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 (10578)	1/15/1998 9:56:00 AM
From: Dave H	Read Replies (2) \| Respond to of 79275

Ivan, RECY is starting to look good to me. It's funny(?) how I was able to see the drop in RECY, even the eventual low of 5, yet when I decide to enter a position I lose money! My new year's resolution is to act much quicker on what I see, as it does seem that I can predict better than I act. At any rate, I see RECY poised for a breakout, mostly looking at the 13,8,8 stochastics. It has set up a nice double bottom that is divergent with price action. I think the magic price is 6 5/8, which, if broken through on volume, will probably propel this one back up to 8 or more. What's your take? -dave

To: ivan solotaroff who wrote (10578)	1/15/1998 11:40:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79275

Ivan, Lookking at OLGC again I still see under 5 as the place to consider it (never is a long time). It has no MIM and even if it sets one up, under 5 is where ut will take a run at a breakout from. I give it 2 to 3 weeks to get there no matter where the current trend takes it. BJCT does have a MIM and the next two steps in the process have yet to occur so it will remain on the long-term watchlist. That ACT on RADAF is quite a stubborn support line. We're getting some good cooperation from the price as it waits for the ACT to nudge up to it. Then... ABTX is doing what most IL violators do by trying to resist the inevitable. I'll do the PGDCEB perusal in a few. Doug R