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


To: Risberg who wrote (15101)4/21/1998 1:56:00 PM
From: Doug R  Read Replies (1) | Respond to of 79262
 
Risberg,

Resistance on DBCC is currently of the horizontal variety at 8 3/8. There's usually profit taking upon breaking resistance and a run but in this market, it's hard to say if that will happen here. If it gets past 8 3/8, the next resistance is very nasty at 10 1/8. Profit taking would surely come in if it went through 8 3/8 because 10 1/8 resistance looks so obviously solid.

Doug R