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To: Gary Burton who wrote (40236)3/17/1999 4:29:00 PM
From: SargeK  Read Replies (4) | Respond to of 95453
 
I suspect the next line of resistance will be around 72 the old support area. Some of the Investors who bought in at that level, may be anxious to get their money back. I don't expect it to be the major barrier that we just past through; but, I do see resistance.

Further, FWIW, todays move confirmed this up trend is real and old lows will not be revisited until the next cycle (hopefully years from now). I am calling 58 the new (strong) support line and as indicated above 72 as minor resistance.

K