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


To: Michael L. who wrote (17368)5/21/1998 11:52:00 AM
From: Doug R  Read Replies (1) | Respond to of 79512
 
Michael,

AIRM is working on breaking out of a nearly 3 year IHS. The chart of monthly closes going back to the end of 1995 gives a good view of it. The neckline is from the high in 7/96 along the high in 9/97. I'll be back in a little bit with a TA on it with a focus on its chances of breaking out.

Doug R



To: Michael L. who wrote (17368)5/21/1998 1:06:00 PM
From: Doug R  Respond to of 79512
 
Michael,

AIRM: The TA indicates that the current uptrend on it is a bit too steep to be maintained. The next uptrend below that allows for AIRM to pull back well into the 3's. If you will be putting this one away for the long term, you'll be able to accumulate for a while. The best buying areas seem to be 3 1/4 and 3 1/2.

Doug R