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

To: milesofstyles who wrote (11658)	2/1/1998 2:22:00 PM
From: Doug R	Respond to of 79270

Milesof, Using the highs on 10/20/94 and 3/24/96, GGC has resistance at 34 1/2 coming up. The technicals may be losing steam now. I'd wait for a break above that long-term downtrend. USHG's 3 day RSI has a breakout as of Thursday as it accelerated through the value of 80. A further breakout on Frday from the 3 day RSI downtrend going back to that term RSI high on 8/8/97 shows continuation of the current move is likely. It's a little late to catch the whole thing but it looks to me like a good move tomorrow will bring it to a peak and could be a good one day trade if there is good volume at the open. You would need to be nimble with it though. I'll be back with the others you requested in a bit. Doug R

To: milesofstyles who wrote (11658)	2/1/1998 10:57:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79270

Ok Miles, Here's the others you requested. IKN is set up to break out but I can't say that it will do it without first testing the downtrend line it just surpassed. MWY is very volatile and Friday's spinning top doesn't look so good for it in the next few days. Recently, bottoms have been put in on very low volume so that would be something to watch for. It could make a nice short right here but volume would be a concern there. TWR probably has a bit more winding up to do. Its advances are 3 or 4 day events which is nice for trading. It's done 3 days on this one so a new higher low is likely to be established this week. Doug R