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

To: walker v who wrote (18070)	6/4/1998 3:28:00 AM
From: Doug R	Respond to of 79520

walker, Horizontal support is 3 7/16 and if broken it might be trouble. There's some trending lines that could offer support in several places between 3 and 3 1/4 as well as one just above 3 1/2 right now. The intermediate and long term technicals are still hanging in there. There is possibly now a low flying inverted head and shoulders with a breakable uptrending neck line set up in the 3 dRSI. If that becomes successful I would expect a quick recovery and without that the near term looks to tough to call with certainty. I'm still holding and will watch the line across the lows on 4/2 and 4/7 as well as the horizontal support. Doug R