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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (485)	3/18/1998 5:30:00 PM
From: Jim Roof	Read Replies (1) \| Respond to of 4634

You are precisely right on why I am picking HEPH and ZONA and sharing these price targets with you. I am not trying to rub anyone's nose into anything. ZONA and HEPH may be pure crap from a business standpoint but one should not ignore other factors in trading. On BTIM, the move to 18 was significant because it pierced the downtrend's upper trendline and has since fallen back to 12 and change. The move to 18 started from 12 and now it has returned but the significance is that this is the third time this area has been visited and there is the old addage that support tested successfully three times is pretty solid. The overall picture for BTIM remains bullish (I am talking like a 200 day moving average now) unless 9 gets taken out. If 9 goes then it's in bad shape. Jim