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

To: fourptt who wrote (28335)	4/11/1999 2:37:00 PM
From: Magnatizer	Respond to of 79197

Fourptt ELNK mags: 75.625 weak, 90 quarter zone, 104.375 neutral zone, 118.875 quarter zone, 133.125 weak, 142.50 strong... ELNK broke out of a IHS pattern (IHS count target mid 90s) Thursday and made the nice move following. I am going to try my darndest to hold on to ELNK for some time but I do have a way of getting happy feet with the inuts. 90 was the first target which was reached Friday (technical targets are not exact). Mondays action will tell a bunch for the intermediate movement of ELNK. If it gaps 90 then 104.375 becomes my next target. If it fails to get through 90 a pullback is likely. Lot of technical positives here: weekly buy rating, MACD ihs bo, Short term techs are set for parabolic move (which started Friday). It did go Overbought via CCI 13 on Friday. Just a sign its likely a bit late in the game to enter anything other than a pure trading position. ht david