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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 (28624)	4/19/1999 12:45:00 AM
From: Doug R	Respond to of 79384

Rebecca, Don't worry, you qualify. IPIC is attempting to clear a significant line of down trending resistance here. The reaction from that, if it occurs on significant volume, would be relatively explosive. A big plus is that IPIC is setting up for it after establishing a higher low recently. Initial momentum is there. It has a shot at returning to double digits in 3 months or less. The long term stuff is still awfully weak and has a lot of work to do. A move over 10 would get the long term stuff on the right track. As long as short term higher lows continue, it'll start to be a much better trading stock than it has been since it hit its high. Doug R PS: Not that this is within your favorite field (biotech) but I just have to note that Indonesia is up over 9% today. TLK is going to have one helluva gap up and should be watched in case it decides to run afterward.