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


To: Magnatizer who wrote (17172)5/19/1998 2:28:00 PM
From: Doug R  Read Replies (4) | Respond to of 79308
 
David,

I didn't get it from that press release. I got it from E. Newman. I trust E. Newman. He can IM me anytime! A very pleasant fellow. Maybe he'll post his view of the conversation he had on the thread (hint, hint EN).

So far today, the avg. trade size on ELGT shows no "major player" activity. A higher high and higher low is very encouraging but I wouldn't rule out a shakeout. I'm in the process of deciding where a breakdown (not that I expect one but it's always a necessary excercise) of the chart would be identified. I'd appreciate any input from the thread on that subject.

TIA,
Doug R

Doug R