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

To: 007 who wrote (10942)	1/20/1998 11:49:00 PM
From: Doug R	Respond to of 79273

M, I get 3 indications that 21 will stop DHI if it gets there. Not much left in this move. The by the book thing to do here is wait to see if it can get past 21 before acting. PFT has the same type of problem but it shows more of an inclination to actually break out. It's so close to a breakout or failure of same that the by the book thing to do applies here as well. On another tack, if it breaks down and goes under 25, it becomes an ideal short candidate due to the the head and shoulders it is working against right now. Patience. Doug R