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

To: Al Greenleaf who wrote (11759)	2/2/1998 1:15:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79273

Al, What you have right now is your basic triangulation. The downtrend you see is the only one in the way while the uptrends would be points to buy on when support is verified by movement of the price up off the line. That would be somewhere between 20 1/4 and 21 1/4 as the week progresses should the stock pull back. Since the stock is so close to resistance now, it might be better to wait for a breakout or even a a successful retest of a breakout. A retest is successful when the stock gives some back after a breakout but doesn't break back below the downtrend line that it just broke out of then moves up again on volume. This is just how I would treat the situation. Doug R