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


To: curtis christopher who wrote (28401)4/12/1999 7:20:00 PM
From: rebecca  Read Replies (1) | Respond to of 79163
 
Doug
Just wanted to say a quick thanks for your TA on OMKT. They had substantial news the other day and are part of a "rumored takeover".
Any targets??? Is it "wound as tight" as INKT was??

regards
rebecca



To: curtis christopher who wrote (28401)4/13/1999 4:05:00 AM
From: Doug R  Read Replies (1) | Respond to of 79163
 
Curtis,

The close on LTXX doesn't at all impede the short or intermediate term technicals. I expect it to hit 8 or 8 3/8 in 2 weeks or less but 2 days under 5 1/2 would more than begin to impede things.

Doug R



To: curtis christopher who wrote (28401)4/16/1999 3:46:00 AM
From: Doug R  Respond to of 79163
 
Curtis,

I hung in with LTXX even after posting this:

"The close on LTXX doesn't at all impede the short or intermediate term technicals. I expect it to hit 8 or 8 3/8 in 2 weeks or less but 2 days under 5 1/2 would more than begin to impede things."

The close on Wed. saw the bid/ask straddle 5 1/2 so I gave it the benefit of the doubt.
The 89, 3, 5 stochs remained in a position of strength and have possibly reset.
I really didn't like to see that technical buy signal get taken out so rudely but the price hasn't really faded as a result all that much.
It may take a couple or few more days to regroup but it avoided a sell signal so far.

Doug R