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

To: Cornstock who wrote (27579)	3/22/1999 7:52:00 PM
From: bruce-l	Read Replies (2) \| Respond to of 79237

Peg: SOF made NBR tonight. Might make it run again? Some brokerage (don't remember who) came out with a buy and year end target of 57. bruce

To: Cornstock who wrote (27579)	3/23/1999 12:11:00 AM
From: Doug R	Respond to of 79237

Peg, Cooking huh? Thanks for the kudos but more importantly thanks for the reality check with that comment. Cooking implies heat which somewhat implies overheating. It may be time for me to be extra careful. HMGC is good evidence of the caution required at this point. It had an obvious ascending triangle with a break out over 4 as a buy signal. Well.......today it hit 4 1/32 and STILL closed under 4. I hope it wasn't an overly impatient 56er that paid the 32nd only to watch it lose the break. There isn't any reason to believe that it won't break and run but now the bar has been raised to 4 1/16. I'd like to see it top 4 1/16 on greater than 80K before noon Eastern. If so, buy it. Oh, and SOF really wasn't that tough a call. First of all it came out of a Milesov scan. All I did was look at the chart and the TA. Thanks Miles! Doug R