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To: secrus2 who wrote (6917)2/23/1999 2:02:00 PM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
Valeri Evdokimov;

There are some who feel as you do about this uptrend. They have doubts too. What I see is something else. I see that the stock is above the 120 day SMA line which is 30 but below the 60 day SMA line which is 35. If it crosses the 60 day line convincingly then the uptrend is in place. If the specialist doesn't cross that line then he intends to take it down again. 35 is the target price level for now. That will tell us something.
PHOTOMAN



To: secrus2 who wrote (6917)2/23/1999 2:44:00 PM
From: William Epstein  Respond to of 7841
 
Valeri Edokimov;

I checked the 1 day chart to see what the specialist is doing. He is shorting and covering within 1/2 pt.. This looks like normal trading so far, today. The stock may finish down but not by big $. I hope. Then the uptrend is still, in place. You were right!! Fierce trading resistance at 33.
PHOTOMAN


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