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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: ftth who wrote (969)5/26/1998 12:05:00 AM
From: HeyRainier  Read Replies (1) | Respond to of 1720
 
[ DDIM: Edited! ]

Dave, I'm putting a pretty liberal trend line and am looking for a close above $16.25 to make the break clean and the next upward move more certain. I'm pegging the 50% retracement level at $25.73, and will be my target if I am able to acquire at the 50 or 89 day moving average.

It's currently meeting some resistance from the Speed/Resistance line.

Regards,

Rainier

PS. By the way, I agree its chart looks very much like PWAV's. The bullish characteristics seem to match those of PWAV's before that quick four point run, but the 50 DMA still isn't above the 89 DMA yet.



To: ftth who wrote (969)5/26/1998 8:31:00 AM
From: Susan Saline  Read Replies (2) | Respond to of 1720
 
DDIM

The reason for the move up was due to the mentioning of thier name by a CNBC analyst.

That's the reason for the pop.

The trend is still down

Stochastics, RSI and momentum are all negative

Support at the 13 area. I would be a buyer there.

Have played this numerous times.

risk 13
return 17

DDIM closed closed at 15.25

JMHO

Sue