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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: freelyhovering who wrote (859)	5/3/1998 12:18:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ EATS ] Myron, Regarding minimal risk entry points, I wouldn't consider EATS as having one if you were looking to open a long position. It has certainly exceeded my expectations in terms of price advancement. I would be more concerned of a price decline given the Hanging Man candlestick, the price advance on declining volume, the overbought stochastics and RSI reading, and the dreaded 9 Count of the Sequential Setup (which has also been proven wrong for the past 4 trading days). But if you were operating on a trend-following basis, it's hard to be displeased with the price advance. The most recent earnings release must be pleasing as well, but I wonder just how much of the current price has already discounted the future prospects of this issue. Just watching with interest. Regards, Rainier