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

To: Warthog who wrote (24221)	12/12/1998 2:35:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Collin, A 50% retracement of the move from the Sept. low of about 40 to the Nov. high of about 60 would put an initial target at 50 but RTN.B looks weaker than that. Close monitoring would be advisable when it gets there. After drawing a bunch of lines on the chart I'd say it will follow the line along the lows on 11/18 and 12/2. I don't see much in the way of support for it except a horizontal at 50. Since I don't like horizontals anyway, I don't think that one will help it much. When I posted about it earlier I mentioned the 8, 3, 5 stochs hinging above 80 as a sell signal. I hadn't looked at the technicals so I didn't see that the 8, 3, 5s already did that on 11/24 at 58 1/2. The 8, 3, 5's are going to get a good workout this weekend while I look for IL violators and whatnot. Doug R