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

To: James A. Nelson who wrote (11671)	2/1/1998 2:30:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79324

Jim, The chart formation on TYL is a very nice ascending triangle. As sellers continue to accept only higher prices and buyers are satisfied offering a consistent high price, accumulation continues. The aspect to watch for is a break above the high of the formation on heavy volume. That happened recently but failed to follow through. The lows are still getting higher so the failed breakout is of little importance so far. I would expect any breakout that sticks to take the stock to at least 10. If it takes months to play out, that's still a great return. And the longer it takes to go, the higher it will go. A breakdown will be obvious if it happens so you don't have to worry about missing that. Doug R