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Technology Stocks : ADI: The SHARCs are circling! -- Ignore unavailable to you. Want to Upgrade?

To: Aaron Zuckerman who wrote (830)	2/18/1998 5:34:00 PM
From: Harley Morgan	Read Replies (1) \| Respond to of 2882

Aaron, In my haste I mislabled the reverse S-H-S pattern. Left shoulder at 10/27/97 Low of 26. Head at 12/16/97 Low of 23 3/4. Right shoulder at 1/12/98 Low of 24 1/8. Neckline drawn from Left shoulder peak on 10/13/97 at 36 21/32. to Right shoulder peak on 2/5/98 at 30 3/4. This Neckline was at approx $30 today. Penetration on volume today establishes breakout. Formula is Minimum Upside = [Neckline (@Right shoulder low) - Right shoulder low + Neckline at breakout]. Approx - 31 7/8-24 1/8 = 7 3/4. This value is added to the neckline at the breakout today 30 + 7 3/4= 37 3/4. This analysis formula played out on TXN from their earnings announcements and also on JBIL on their breakout. Also, note that todays close knocked out the previous resistance of 31 1/4 established 12/2/97 on the way down. Todays close should be strong support for further advances. Next resistance is 33 3/8 established 10/22/97 (low) and tested on 12/1/97 (high). Look at the charts. Let's hope it does the same here!