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


To: Judith who wrote (27299)3/11/1999 12:19:00 AM
From: milesofstyles  Respond to of 79260
 
sorry, your post came across as a 'see you are wrong' type...

there is a post to bruce lamers from doug i believe that discusses the current position of hnv, the target was based on the acceleration that is now being threatened. dates are given on the trendlines in place in a few posts as well, i'll give them as i see them... when the trendline is threatened, then its decision time for investors, now, this stock has also been discussed as a long term hold, so there are two choices here as i see it, (and all the insider buying and corporate transition on this stock could warrant a long term position in it,imo).so based on your investment preference there is now a choice to be made.it would be best to attempt to draw the lines referenced,so you can see the picture yourself, support is at these levels, accelerating prices are being threatened at current price levels,this is a level that was expected to hold , connect the lows of these dates,12-22 to 2-10... no recovery of the current line could result in the possibility of the stock falling to as low as 2.25 trendline support levels, dates 10-14 to 12-22. the higher low on 3-2 would have probably been the signal that the acceleration was losing steam,connect highs 1-20 to 2-1 .so still expecting the pullback to bounce and form a triangle set up was not unforeseeable and a recovery of that would do the stock well

milesov