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To: Dale Baker who wrote (37)5/19/1998 12:42:00 AM
From: eeh  Read Replies (1) | Respond to of 271
 
Dale,

You are absolutely right. I only use the wedge formation to look for the breakout direction. I am a long term investor in this stock when I get in. I just like to pick the right place. It appears that if it continues to base around the 30.5 to 32 range, I will wait for a move upward to 32.5 or thereabouts to buy. There is the possibility that the weakness in the general market will make it possible to get in at a lower price.

The low vol. on the 1/16 move down today was a very good sign, especially with the rest of the market falling apart. If it breaks above 32 with good vol. tomorrow, I buy.

Thanks for your comment.

Ed Hanley