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

To: ACAN who wrote (26113)	2/3/1999 12:06:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79243

Allan, Just getting around to PQT. Were you aware that the 89 d%K reached 78.5714 on 7/30/97, nearly qualifying that month's high as a valid reference high. It's so darn close that I'm very tempted to give PQT quasi-MIMBO status here. I suppose I'll have to hold off on that but since it's so close, there's good reason to believe that the chart has a significant amount of underlying upward bias to it. The price here is close enough to the first line of accelerated uptrend to make it a low risk situation. The technicals at this point are a little bit mixed but would show good improvement on a positive day. It's a good one to stalk I'd say. FAXX has also moved into a position where the technicals are mixed. I ducked out of 1/3 of my position today at 7 5/16. If it holds up okay tomorrow, I'll hang on and be a bit more patient with it. Doug R