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To: Paul A who wrote (4798)	6/27/1998 7:26:00 PM
From: Rene Madsen	Read Replies (1) \| Respond to of 16960

I think we have some support here around $16 but if we break under that I think we're headed for $10 -- the support for $12 from october last year wasn't very strong and I fear if it goes it will go straight through it. Personally I will hold through next week and unless we see a break through 18-19 I'm outta this stock -- to dodgy for the limited gain there is until the next resistance at 23-24. Just my 5c's of course ...

To: Paul A who wrote (4798)	6/27/1998 8:02:00 PM
From: jttmab	Respond to of 16960

Paul, I tried some TA a few years ago and gave up on it in terms of any long term prognosis. I do believe that it has some day to day affects as the technicians may have more effect on a "day" basis. With that background, your question was: "when he talks of holding $16 for example, on friday - we broke down to 15 7/8 on very weak trading but management to close at $16. Does this mean we broke the resistance at $16 and should see a drop to his next level possibly?" An intraday dip below a support level is usually interpreted as a buy opportunity, if it closes below the support level for more than one day, this might be considered a sell signal. Best Regards, Jim

To: Paul A who wrote (4798)	6/28/1998 11:26:00 AM
From: VincentTH	Respond to of 16960

Paul, My charts show an upper resistance at 18 3/8, and a strong support at 15 1/2. The next level of support is the IPO price, around $14. Basically, TA reasons that we will sell the stock at whatever price we bought on a down drop, that we will buy the stock at a previous bottom, and that a reversal in price will repeat. We have seen the bottom on 6/18 on very strong volume, so that indicates a strong support. The next support level should be the IPO price, since it was the price that a lot of institutions bought the stock at. Now, your friend came up with $16 as the current resistance. To know that we need to look at the intraday chart for 6/18, and see how the volume breaks down below $16.