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

To: rebecca who wrote (28600)	4/18/1999 4:47:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79230

Hi Rebecca, Thanks for the PLTN overview. I have an initial resistance line at 6 5/8 for Monday but with all the technical goings on behind this one it may just gap over that. There's a hint of hyperaccumulation over the last 4 days and it's sitting just below long term down trending resistance at 6 7/64 (which can also be seen as a price to gap over before it tackles 6 5/8). I'd say that early in the week a challenge of the ceiling on the current channel at 7 7/16 or 7 15/32 can be expected. How it deals with that will be critical as far as rapidity of price increase. There's a bunch of key chart lines in the 7 7/16 to 8 area this week. Any move above them will be a very strong signal. Doug R PS: Don't forget to wish Milesof a happy birthday :-)