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Strategies & Market Trends : Christopher Smith knows the market

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To: KZAP who wrote (39)	1/25/1998 4:59:00 PM
From: Doug R	Read Replies (1) of 42

KZAP, I thought I should keep off-topic stuff off the APCO thread and respond to you over here. GTAX volume is ramping up again and the chart shows a breakout of the flag. A short downward flag after a move up is typical of an uptrend and breaks to the upside of these flags signal continuation. GTAX is going about this business very steadily. On top of the current activity, there is that cup with handle breakout that is in process now. A 3 month or less target of 13 1/2 is a by-the-book type projection of the C with H breakout. If momentum players move strongly on it, it could blow off well above that. Doug R

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