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To: Lucretius who wrote (39698)5/8/1999 10:38:00 PM
From: Jorj X Mckie  Respond to of 86076
 
LT,
ASA - Went through Bearish resistance line (good) and pulled back currently moving down, but has serious support at $16. Bullish % is "bear confirmed" but it is listed in the sector "Other". Relative strength is negative. A pullback to $16 would be an ideal entry point.

AU - Broke a triple top in April and hasn't moved since. Strong support at $18.5/$19. Resistance at $31. Bullish % for precious metals is "Bull Confirmed" at 38%. Lots of upside and on a buy signal. Considered "oversold" by P&F.

NYSE BP is at 56% and "Bull Alert" (not quite as good as Bull Confirmed). Still in normal territory (not oversold or overbought). Some of the early indicators are in the overbought region but still still not giving any indication that the bull is done.

JXM