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

To: Duke who wrote (11574)	1/29/1998 3:44:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79263

Duke, MTON has a downtrending line of resistance at 9 1/2 that comes down to 9 in about 3 weeks. An uptrending support line at 7 3/4 gets just over 8 in about 3 weeks. Long-term indicators are improving and have a little more work to do. The short-term SMI has a possible breakout set up but that may not pan out here. The 13, 8, 8 stochastics are at the highest level ever now and may need a rest. If the intermediate stuff stays strong I would expect a higher base than the current one at 9. A good base on base formed here would be very encouraging. If that downtrend can be taken out a move to 11 or more would be very likely. Doug R