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

To: ACAN who wrote (13962)	3/28/1998 2:13:00 PM
From: Doug R	Respond to of 79383

Allan, Thanks for reminding me of UTI. That one almost slipped through the cracks. I agree with your view of the chart. A double bottom, a possible breakaway gap, great volume. It broke below the ACT on 1/23. Last Monday UTI bumped up against the ACT and worked on getting over it on Tuesday and Wednesday. On Thursday it opened on the ACT, used it as support and now... Based on usual IL/ACT activity, I'd say that UTI is about to go to 28 7/8 relatively quickly. MACD is great. 4, 3, 2 stochastics are very strong. That should lead the 13, 8, 8 stochs. further into the ballistic zone. A break above the line set up by the 3 day RSI from the peaks on 3/23 and 3/26 would likely be concurrent with a very big day. I haven't worked up next week's list yet but...UTI will be on it. Doug R