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

To: Eric Maggard who wrote (17629)	5/27/1998 4:11:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79273

Eric, My current view of ONTC, VCR, ACRT and ELGT is unchanged from the view I've been sharing for the past 4 weeks, mainly stemming from the sell signal I got on the overall market a month ago. It still goes like this; any long position should only be established with caution. VCR broke out and has now retested 3 just as I said was likely 2 weeks ago. In a correction, a retest can get especially severe. No problem. ONTC is a very newly established position for me but the intermediate term strength in the TA allows me to feel comfortable at this point. I first posted that ACRT was just too damn low when it hit 12 3/8. It's provided many profitable trading opportunities since then and continues to trend up along a series of higher lows. Any time it drops some is a buying opportunity. ELGT is struggling with a retest of its recent breakout and may be viewed as "news dependent" at this time by some that are in it. As for the technical profile, it's an attitude stock so I'm intermediate to long term positive on it. Doug R