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

To: Doug Hunter who wrote (15720)	4/28/1998 1:40:00 PM
From: Doug R	Respond to of 79308

Doug, MDRX chartwise is a descending triangle with an emerging pattern of downward rolling failed head and shoulderses (?). There's a recent double bottom that may provide good support. It's currently "thinking" about putting in the right shoulder on the current H&S and the top for that would be in the range of 45 3/4. It's not a buy unless it can break the triangle to the upsie and if it breaks to the downside, it'll be a great short. The trade on the right shoulder looks ok but that's as far as it goes on a chart level. Doug R