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

To: Goulds who wrote (22471)	11/2/1998 7:45:00 AM
From: Mr. Pink	Read Replies (2) \| Respond to of 79230

Boo! Mr. Pink

To: Goulds who wrote (22471)	11/3/1998 3:07:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79230

Goulds, The chart suggests the development of a spring that may need a bit more time to tighten. An uptrend established from the low on 9/1 is set to see an acceleration. It can probably be picked up at a lower price for that though. On a chart, draw these lines: From the high on 11/28/97 across the high on 9/23/98. From the low on 9/1/98 across the low on 10/8/98. From the high on 7/27/98 across the high on 8/18/98. From the low on 3/21/97 across the low on 3/4/98. Currently, these are the most relevant lines as far as the supply/demand dynamic is concerned. A really nice opportunity would come if the price approached the line from the low on 3/21/97 across the low on 9/1/98. Aside from simple charting stuff though, the technicals are in a position of strength so the stock should be closely monitored for any attempt to move up on any day on significant (70K by 11 AM EST) volume. If it gaps up, wait for a pullback and a reversal from the pullback that occurs on good volume. It's always a good one for stalking in relation to the key trend lines. Doug R