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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Jan Robert Wolansky who wrote (225)	2/22/1998 12:54:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

UEIC has made a nice upward breakout and its on a positive trend. Don't see the short term top yet. There was a price volume divergence on Friday. Price went up but volume declined from the day before. This often marks a short term top which is followed by some profit taking consolidation--not necessarily a decline in price, maybe a dip. Depending on what your trading time horizon is--if its real short like mine, watch it closely on monday and if it doesn't look like its going higher--take profits and move onto another play and look for a reentry in UEIC at a lower price. 5 day stochastics are at 100--but that doesn't mean much because of the strong uptrend.