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

To: Jan Robert Wolansky who wrote (17887)	5/31/1998 3:00:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Jan, I had a line on MTON's chart that I considered as a probable ACT. The low on 5/28 used that line as support. The odd thing is, the IL resulting from that ACT was not broken. It wasn't IL reaction that precipitated the pullback to the ACT so I can't say that a RR will result (RR would result in a short term move from the low of 10 1/4 to 12 3/8). I would say there is a high probability that MTON will go higher than 12 3/8 and find resistance along a series of uptrending 3 lines. Each line uses the low on 5/6/98. The first it will encounter starts at the low on 3/30. The next is from the low on 3/16 and the last is from the low on 2/23. Trading or accumulation strategies should be based on those lines IMO. When the 2nd one is broken to the upside, MTON should be able to move to new highs and find the last one as the next stopping point. Doug R