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To: Rich B. who wrote (14838)	3/14/1998 3:18:00 PM
From: PartyTime	Respond to of 95453

What are the support and resistance numbers for MDCO? Thank you.

To: Rich B. who wrote (14838)	3/14/1998 3:26:00 PM
From: davep	Respond to of 95453

Rich, i use close prices for establishing s+r.A great ex is MDCO the trade range was clear 17-20 and now it finally broke 20(resistance)and traded up to a previous area of mass congestion 22.5,mdco is trying to make a new range and will have support at old resis @ 20(it may be 19 but we need a bit more time to determine this) and res @22.5.The only MA i pay attention to is the 200 day but this is just for long term outlook not short term trading so its not necessary to look at it frequently.Theres a book caalled technical analysis of stock trends by Edwards and Magee written 70 years ago thats the bible and explains charts,formations etc... simply and with no bs.Maybe in your library.Best book i ever read