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Strategies & Market Trends : Alpha Stock Pick Charts

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To: Ken W who wrote (41)	2/25/1998 9:27:00 AM
From: Trader X	of 70

CYMI target projection. My initial target, based on the reversal formation, is to about 30-31. Good for a 66% gain figured on an $18 entry. Higher is not only possible, but probable. I'm not familiar with Weinstein's methods. I use a combination of traditional western T/A combined with Japanese Candles. My main source book is the Edward's/Mcgee classic. I find that an emphasis on too many other bells and whistles just creates distracting noise, altho I do like MACD histograms to help locate TOP reversals...MACD is not reliable enough for bottom reversals. Stocastics and RSI are used for early warning and confirmation purposes. -kh

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