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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (200)	5/8/1999 4:42:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1316

PQT Ken, using DeMark's method to chart the trend, PQT has not broken its up trend yet, but the trading channel is pointing down. Draw one line from the April 30th high of 12.5 to the May 6th high of 11.75. Another line from the April 29th low of 11.125 to the May 5th low of 9.375. Extend both lines into the future (the right edge of the page). When the present trend is violated, again using DeMark, I calculated a six point move. Quiet explosive considering the stock is trading at 11. Volume has been drying up. All's quiet before the storm. Let's keep an eye out for a trend violation. :-)