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

To: Matt G. who wrote (16862)	5/14/1998 2:06:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79365

Matt, DATC broke out of a downtrend defined by the line along the highs on 4/6 and 4/21. If you draw that line you will see that the low on Wed. showed that line as support. Granted, it is a down trending support line but that's how down trend breakouts are often retested. The fact that it was a down day on heavy volume is a bit unsettling. As far as the dictates of playing the hard right edge of the chart are concerned, and considering that DATC has been officially deemed to have an attitude, any short term strategy would focus on that breakout and retest. DATC would become a short term sell if that line was broken and remain an accumulate otherwise. Doug R