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

To: Trippi who wrote (25688)	1/23/1999 8:58:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Trippi, I normally stay away from BB stocks but I'll do WAVX for you just this once. I don't know about an enormous run into the triple digits but it does have a good chart. The break out it has on Friday makes it a MIMBO. The 89, 3, 5 screaming buy signal just triggered on Friday. The 233, 21, 34 is starting to pull out of a nice formation. The initial "irrational exuberance" kick could run it to 8 or more. The way these things usually work is after the breakout and initial kick, a retest of the breakout occurs. Whether or not it gets over 8, you should expect a pullback to the current level. If the retest is successful, WAVX would start a steady series of uptrend accelerations until it gets rather parabolic. Then it'll step sideways to the right side of a ridiculously steep uptrend acceleration after a day of enourmous volume and that will be the top. I'll watch this one closely but I'm not at all in the habit of buying BBs. Doug R