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

To: Dave H who wrote (16323)	5/6/1998 4:44:00 AM
From: Doug R	Respond to of 79383

Dave, WFI is so darn close I have to give it a thumbs up. It appears to be a stairstep that was slightly distorted by what could be called hyperaccumulation. As best as I can judge, it went into transition in early January with the post transition breakout in late March. Now it looks like it's entering the first round of volatility much like VII is probably just coming out of. That first round of volatility can be a real white knuckle affair. Since the formation is very uncommon, I can't say whether WFI will do exactly what the others have done at this point. It's up about 50% from the breakout, or initial "just buy it" signal. The conservative intermediate target based on the activity of other stairstep charts is 36 to 39. A breakout from where it is now should send it up pretty good. Doug R