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To: HOSEMAN who wrote (102)2/19/1998 8:10:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 128
 
Hoseman,

I think your prediction of settling to the 20 area before a run up to 25 is going to be correct- If it follows the same volume pattern of the last two cycles. I am enclosing the OBV numbers for these last two cycles. It was quite surprising to me that BOTH times an UP signal was generated, the follow through broke down, and it sold off 2.8M shares.
That would put the next bottom at -1,140,000 from close of 2/18. If this happens again, we may be on to something. I hope we see an upward breakout on the next cycle, Daddy's Benz needs a brake job.

Date Price VOL OBV SIG
01/15 20.12 1050 -5135 UP
01/16 19.56 -560 -5695
01/20 19.19 -715 -6410
01/21 19 -495 -6905
01/22 19.94 1265 -5640
01/23 19 -965 -6605
01/26 18 -360 -6965
01/27 18.75 -385 -7350
01/28 18.38 -340 -7690
01/29 18.12 -310 -8000 *
01/30 18.75 880 -7120
02/02 19 620 -6500
02/03 21 2840 -3660 UP
02/04 20.5 -1825 -5485
02/05 20.25 -1055 -6540
02/06 20.5 620 -5920
02/09 20.31 -515 -6435 *
02/10 21.68 1650 -4785
02/11 21.88 950 -3835
02/12 22 750 -3085 UP
02/13 21.6 -500 -3585
02/17 21.38 -730 -4315
02/18 21.125 -430 -4745
2/19 ?

* = Bottom
Next Predicted Bottom =(-3085-2800) = -5885

Does this make any sense to you?

Terry