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

To: Steve Smith who wrote (12069)	2/8/1998 10:42:00 PM
From: Doug R	Respond to of 79270

Steve, BLUD looks very strong technically. It has room to go a point tomorrow but then it will be short-term over-bought to the point of needing a pullback. It also has resistance coming up at 11 1/8. Once that is taken care of after a pullback, it will likely trend up nicely for a week or two. I'd give it to 12 1/2 then if the volume is sustained. The max I see it going is to the double top at 16 back in '95/'96. It's at a nasty little resistance line now, the type that I would expect it to gap over if it were to continue to 11 1/8 tomorrow. A bit of a gap would be a signal to hop on early for a daytrade of 8% if 11 1/8 stops it. Doug R