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

To: Ceez who wrote (19103)	7/6/1998 1:10:00 PM
From: Doug R	Respond to of 79273

Ceez, I don't find any MEEPs on VVUS but it looks like the 21 dMA/MLR would work well as a way to spot the top of this move which could last several days. When the MLR reaches the MA, the price should reach current downtrending resistance at 7 15/16 to 8 1/8. Then I would expect it to move sideways to down for a while as it "decides" whether or not to break resistance. The 13, 8, 8 stochastics show a knee off a good convergence coming out of oversold. Volume is very good. It should have room to get to resistance. Doug R