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

To: d. alexander who wrote (13706)	3/22/1998 6:31:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79459

Hi Dorothy, SEEK's ACT is at 17 right now. The ACT began on or about 2/8/97 Use 1/2/97 as L2. If SEEK reaches down to touch base with the ACT I would expect the current descending triangle to convert to an inverted head and shoulders (with just the right shoulder to put in since a head would result from a dip to the ACT). This would give SEEK about 7 to 9 more trading days of basing out with a trigger to buy at the ACT. Doug R

To: d. alexander who wrote (13706)	3/23/1998 11:48:00 AM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79459

Dorothy: Can't profess to speak with any authority on SEEK's IL and whatnot, but, generally: When a stock breaks back through its IL, what you do is wait and see. My guess is that if SEEK did have an IL, and that's what was broken, then one should wait till it hits the ACT, where there may well be a battle. If that battle breaks to the upside, then you can sometimes get a high-percentage one- or two-day pop. RECY looks (or in case looked) great to Doug, though I'd be afraid to act on it. Sorry to be of such little help, Ivan