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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Waldeen who wrote (37260)	5/6/1999 9:35:00 PM
From: stan s.	Read Replies (1) \| Respond to of 90042

T, I would think it's next regularly scheduled pullback would be soon enough. A lot depends on how it handles resistance tomorrow at 63 1/2 on a closing basis. It's pulling into overbought but still on very strong signals. It has some support before the "gap from" or window real body but a quick look at the chart shows it breaches peak support with abandon. As you say the key is not to panic, the top of the real body (gap, window) yesterday offers some support at 57. A break of that on a closing basis in the near term would be troublesome on a short term basis. Personally I like to see gaps filled quickly to "free" up a stock. Their main advantage is the redefining level of support upwards. The rest of it's just noise and the stock will usually return to the point of frenzy. Key word is usually not always. By the way I don't follow T other than what I hear thrown about so my opinion is pretty much worth...well zilch really. Hope you make a bundle.

To: Waldeen who wrote (37260)	5/11/1999 9:24:00 PM
From: stan s.	Read Replies (1) \| Respond to of 90042

T, One thing I wanted to mention Waldeen. Per our discussion last week on T's gap. It came within 12.5 cents of a fill today, all fine and good. I wanted to point out however that if it fails to hold at the real body of the "gap from" price at 57...you're looking at a double gap situation. Next gap from (real body) support at 52 from May 4/5. Multiple gaps are positive but ya have to hope the upper one holds. I'll offer no opinion, good luck and keep in mind I'm not a follower of T. Stan