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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (271)	1/28/1998 8:06:00 PM
From: ftth	Respond to of 1720

Rainier: <<Has anyone noticed that some quick price declines are often preceded by Trend Accelerations? Examples: MOT, ABTX>> Yes! Wish I had a little better data on how consistent this was with shorter term trends (since that's about all we can work with right now). For the longer term uptrends like MOT and ABTX, I'm sure you noticed how the candles and the volume hinted of "time to get out" before the declines happened. dh

To: HeyRainier who wrote (271)	1/29/1998 11:45:00 AM
From: Cornstock	Respond to of 1720

[EK] Rainier, I have been watching the EK chart, and throughout it's downtrend is has been trading at the top of it's channel (bollinger band), and then when it touches or barely exceeds that bollinger band, it immediately starts another downtrend and moves, (at a minimum) back to the middle of the channel and/or to its lower channel (the bottom of its bollinger band). At the point it penetrates or touches the higher bb or the lower bb, there has been an immeditate reversal. It is now at the high end of it's channel, and, as a matter of fact, today (intraday), it is above the high of January 7, and trying to break the 66 1/4 close on 11/10. If it cannot sustain its uptrend, I would expect that it will reverse and return to its lower channel ($54 ish), and possibly lower. On the other hand, a strong showing within the next few days could also give this stock some energy to move up. Looking at the stochastics, and MACD, they show a different picture as they are in much better shape today than they have been in the past when EK has traded at the top of it's channel. They are not showing overbought, which would bode well for a possible positive turn up. As you know, I am no expert, but would be interested comments and more importantly, critique.