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

To: Carolyn S. who wrote (11588)	1/30/1998 4:36:00 AM
From: Doug R	Respond to of 79273

Carolyn, TXCC is in a very early stage of the post-ACT run. The high today was right on the IL. Often, a very strong stock will make an initial foray over the IL and pull back for a brief consolidation. The consolidation often just waits for the ACT to catch up but sometimes not. Once that is over, the run continues and the IL, of course, is much higher. RADAF hit the IL 3 times in its run to 19 and returned exactly to the ACT twice. ABTX and RECY both behaved in a similar manner as well. TXCC is a candidate to follow the RADAF scenario with a brief trip above the IL here and a consolidation leading to a very nice move. I would look for a good point to go long TXCC at any time in the coming weeks at about the current price or at the ACT. The ACT is currently at 9 3/8. It will be at 10 1/2 on about 2/6. The IL will be at about 18 at the end of Feb. If it goes a bit higher here, don't worry that you missed anything. I don't buy stocks at or above the IL for no reason. It will pull back and give you plenty of opportunity as the chart unfolds. The technicals are not quite yet projecting the RADAF scenario but they're working hard on it. I'll be stalking this one very seriously. To go long a stock from the ACT to the IL then reverse and go short back to the ACT for another quick jump is a very lucrative set of events as many of the observant here have seen. Thanks for bringing this one to my and the thread's attention. Doug R