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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Lane who wrote (4815)	7/16/1998 11:25:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 34810

Sure Lane - MTC No scars on the arms but scars from all the fires he made me walk through! Right now MTC is consolidating. The sector had reversed down and is currently still negative at 38% so you want to really watch the stocks performance during this time. It has held a positive RS which is good but the weekly and monthly momentums won't turn positive until 61 and 63 respectively. Watch for it to break out of this base for an entry. This gives you time to see if it violates all near term support. It can go either way. I'll mark below. 61 ?<--Triple top buy and break of consolidation. 60 --------------------------------------------------------X --X --? I'd wait for this signal to buy. 59 X O X O ? 58 X X X X O X O X 57 Consolidation area here X O X X O X O 6 X O X O X 56 between 52 and 60 X O X O 5 X O X O X O X O O X 55 --------------------------------X O X O X O X O X O X O X ----7 X - 54 X O O X O X O O O X O X 53 X 4 O X O O O X 52 X O X O O 51 X X O X 50 ------------------------2 O X O ----------------------------------- 49 X O X <--Violation of all near term support. 48 \| X O