The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ivan solotaroff who wrote (30970)	7/13/1999 2:04:00 PM
From: Doug R	Read Replies (1) of 79260

Thanks Ivan, Hmmmm...sector MIMBOs. Great idea. Also...since I've been asked a couple times what the deal is with T: The current base on T has gone as long as the previous base did when that one found its bottom. Very often you'll see that bases during long-term uptrends do the same things over the same time periods...like finding a bottom or breaking out. The current base is a cup with handle formation. The SMI is above the bullish threshold. The 89 d MA/MLR has been very tightly tracking for 9 weeks now. The BB stuff is supportive. The 233 dCCI has a solid uptrend and is set to accelerate over 100 (T likes the 233 dCCI over 100) The MACD is breaking out of a downtrend. The other MA stuff is positive. The Price/volume indicators are all starting an upswing (PVI, OBV, A/D, MFI). Long term RSI stuff is positive. Short term shows no problems. The 233, 21, 34 stochs are crossing up and ready to move back over 80. You can even use the 377, 54, 89 stochs on it. That one really gets fun when it crosses 80. Watch the 89, 3, 5 for another, higher xover to get the ball rolling. In general, it's got a lot of strength built in and is about to release some of it. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next