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

To: Steve1 who wrote (18378)	6/11/1998 9:30:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79281

Steve1, Are you long or short GNRL? A consistent indicator for it has been the 3, 2, 1 SMI. Whenever it falls to -85 or lower, the stock starts the next technical bounce up. It's been very consistently making lower lows and lower highs and I don't see anything at this time that would reverse that pattern. The 3, 2, 1 SMI is currently heading down and is at a value of -72.76. That's gives it one more down day before it begins to stabilize and start turning up toward the next lower high which should be in the range of 10 to 11 depending on market conditions. Doug R