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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Bart who wrote (8)	6/2/1999 2:25:00 AM
From: J.T.	Respond to of 19219

Thanks, Bart. I promise you I am going to look at PTEK tomorrow (I mean late Weds night). It sounds real interesting and seems to have much upside potential. J.T.

To: Bart who wrote (8)	6/2/1999 10:48:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Bart, I promised I would get back to you on PTEK tonight by way of your post few days back on IDEA thread. Very exciting stock after getting run roughshot in the street over the last year. Has pulled back nicely in here and can be bought at these levels for buy and hold accounts. Needs to stay above 12 1/4 support, and it should do this barring a major negative news event or extended downdraft in overall market in which case you are looking at 9 1/2 lower band of support. Screaming buy there, imho. On the upside, certainly has configuration to move back up to 16 1/2 intraday rather quickly, then backing and filling b/w 15-17 1/2 before moving northbound again up to 20-22, say 4 to 6 months out. Huge overhead supply at 22-24 area. Just a brief synopsis. Best regards. J.T.