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Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?

To: Duane L. Olson who wrote (858)	2/1/1999 4:08:00 PM
From: Toby Zidle	Read Replies (2) \| Respond to of 1622

Duane, I do think we'll get through that $27 resistance. But it may take a while here as PSUN consolidates briefly. That's why it's called resistance. I noticed on the chart you posted that MACD and RSI are turning over and momentum is slowing. But, on the top chart, are the Bollinger bands widening? When they widen after a narrowing, you can expect to see some bigger (but not necessarily better) moves. I think the trend is still up and so I feel that resistance will be conquered sooner or later. If you use candlestick interpretation, today's action is NOT a positive. PSUN rose from its Open, but by the Close, it had lost all that and then some. Candlestick interpretation would say that's negative. But my experience is that candlestick interpretation tend to be better for the short term (to 5 days). My long-term is still positive - though the time frame may have to be extended a bit.