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To: Patrick Koehler who wrote (32450)4/23/1998 2:44:00 PM
From: DavidG  Read Replies (1) | Respond to of 53903
 
Pat,

I think the 32 3/8 hit today is as close to a test of 33 we might see today. Too many are trading on the charts support and resistance. It appears nobody wants to take it too close to 33 for fear of getting caught...so they are playing their silly games with the bid and ask buffers.

This mornings reversal to 31 of yesterdays 32 1/2 was predicatible. Todays retest of 32 1/2 not occurring looks like a lower high. So if this is the way we close today then the lower low will occur next which will be below 31.

I also agree the next move is to go back to the 28 -30 range. I do not think we will go below 28 to 25.

DavidG