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

To: JBH who wrote (16015)	5/2/1998 8:19:00 PM
From: JBH	Respond to of 79383

I'm really starting to like these reciprocal retracement plays. PURW recently was a good example. If you can watch for the selling to dry up when they are coming down off the top of the bubble to the mid BB or sometimes down to the bottom there seems to be a good chance of reciprocal retracment back up....in strong interest stocks. See there...I know just enough to be dangerous! <g> Good trading all, John

To: JBH who wrote (16015)	5/3/1998 3:26:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79383

John, As far as a by the book read on the chart goes, DOSE is very risky here. The triple top is a great place to stalk but between those tops is a double bottom that so far has failed to hold. Certain indicators, as you have seen, hint at a couple points if volume kicks in on any upticks but there is a downside to 11. I'd wait for either a break above the triple top or for a bottom formation put in at 11 to take any action on it. ABTE: Flat out, I'd say sell into any strength on Mon. If it gaps down at the open, act fast. It'll be a buy again at another time. This is only how I see it. Whatever you do is up to you of course. Doug R