The 56 Point TA; Charts With an Attitude Message Board

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

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To: qu168 who wrote (31025)	7/16/1999 3:29:00 AM
From: milesofstyles	Read Replies (1) of 79230

THX, lol, i thought you were just really excited, :) k, connect the lows 3-15 to 5-19 to create its most recent channel. for the tops its kinda interesting. looks like some old support lines working as resistance, take a look at these lines in relation to today 's price, lows 8-28 to 12-4 and also another line looks like 4-25-97 to 1-16-98 across the lows. how those lines are respected should be the most important factor, the short term indicators are reaching a blowoff mode. the rest of the technicals look very strong, i especially like the relation between the 89.3.5 sto and the macd, its got tool potential going forward. how would i trade it? i'd probably be going to an intraday basis for the blowoff that appears to be coming, i'd probably hold on to some on this one definitely if it were to adopt that upper channel line as a support. should it fall thru that line coming back, i'd probably take the rest and look for re-entry at the channel lows. this has the technical strength imo to use that upper channel as support and put in a more accelerated move over the intermediate term, nice entry on it too... milesov

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