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

To: Doug R who wrote (18614)	6/17/1998 3:04:00 PM
From: Dave H	Read Replies (1) \| Respond to of 79237

Doug, Thanks. I thought AMZN was over the IL but I just wanted to make sure. -dave

To: Doug R who wrote (18614)	6/18/1998 4:42:00 PM
From: Dave H	Read Replies (5) \| Respond to of 79237

Doug, AMZN - Did you end up shorting this one? I did yesterday at the less than ideal price of 77, but with the ACT so low I don't really mind. Thanks again for pointing out this opportunity... dave ps - if you are interested in some demark stuff on elgt -- ELGT has TDST support at 2 1/2, TDST resistance at 3 3/4, and registered day #4 of a buy sequential on 6/17. That puts it at least a couple weeks away from completing a sequential, if it does at all. Historically, ELGT has never had a buy sequential so odds are it won't be patient enough to do one now. Buy hey, there's always a first time! >g< According to TDROC, elgt is extremely oversold. This will either result in a very strong and fast move up, or another small dip to register a 'normal' oversold condition. I'd expect 2 1/2 to provide support on any dip, though since there is precedent of breaking this line already, I have less confidence in it. The more a TDST line is violated, the less impact it seems to have. Witness RADAF and the TDST line at 19. Lots of jumping back and forth around this line must have whittled it away...