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

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To: Doug R who wrote (31482)8/5/1999 4:13:00 AM
From: Doug R  Read Replies (4) of 79223
 
Wow, can that Milesov talk...heheheh:

Tiric: APEX has an IL that's moving over 38 now. The chart is gearing up to be a typical IL violator.
milesov: where did it close?
Tiric: 27 13/32...up 13/32
milesov: i think i'm going to wait for the bo of the dt line...
Tiric: 7/19 to 7/28 dt line was broken intraday today. That weakens resistance...on a stock with no overhead resistance beyond today's high.......other than the 7/18 high.
milesov: i definitely got my eye on it...tomorrow i think my focus will be on ip
Tiric: One last test of the IHS bo and it's going to run. The market is almost done screwing around
milesov: yeah, but i'm thinking it may be a technical bounce and maybe down one more time before the eend of the month
Tiric: Watch MLIN. Greater volume today than yesterday but it held yesterday's low
Tiric: It's moving with the chip sector on a mimbo
Tiric: % potential on it is better than the larger players
milesov: did you look at ip?
milesov: ok, i'll add mlin
Tiric: Yikes...have you looked at DRMD??
Tiric: That sukr is going to be really hot when it exhausts
milesov: no...i've been pulling my hair out wiht this cable crap, i went down again today...i'm seriously considering hi speed phone line at this point
Tiric: The "story" on the paper stocks has been broadcast way too loud and clear.
Tiric: IP will hit resistance at 58 1/4 and slowly grind back down into the 40s
milesov: i thought i had ip testing resistance today...where it closed
Tiric: Use a target line...low to high...6/8 low to the July high.
milesov: k, lemme see...
Tiric: As it reaches that line you'll see all the indicators hinge negative.
Tiric: If it gets there and the indicators hinge positive or bunch up...it would then go on volume watch.
milesov: why low 6-8 and not 7-2
Tiric: The move today doesn't really have that much conviction behind it for a gap up.
Tiric: 7/2 is too tight
Tiric: Look at the periodicity in its swings,
milesov: i wasn't really looking position on it, but i did think it was going to pop...
Tiric: The low at the end of May to the July high is going to be resistance as well.
milesov: well, that blows a hole in my plan for tomorrow, lol
Tiric: What stocks held within 8% of their alltime high today?
milesov: probably none
Tiric: Probably 40
milesov: would you sell alks on a gap tomorrow if it did?
Tiric: yes
milesov: what about do?
Tiric: DO is still a hold...unless you're in a mood to take what it's done.
milesov: maybe i'll cut it in half
milesov: it still looks like its got another day in it to me
Tiric: at least
milesov: i gotta make a decision on wave, i see about 1/2 pt downside if its weak tomorrow, today was rather a surprising turn, but volume was lite
Tiric: geez, FONR is about an obvious a bottom as it gets
Tiric: One tick below today's close and WAVE is a sell.
milesov: yeah, i figured as much
Tiric: xico
milesov: its gone
milesov: i just watched it go...kinda sad on my part
Tiric: cvsn
milesov: i wooldn't be holding xico overnite if i played it tomorrow, lol
milesov: cdic
Tiric: nice
milesov: cvsn is sure interesting
milesov: hal
Tiric: WES
milesov: hal is hot
Tiric: WES is beyond hot
milesov: lol, guess i better have a look
Tiric: HAL is smokin' alright
Tiric: SHPGY
milesov: wes looks good, its another 1-2 days i'm thinking based on the 4.3.2, 8.3.5, and cci 13 all getting up there
Tiric: yep.

Uh oh....ACRT
milesov: why does that sound familiar, shpgy?
Tiric: It's a carryover
Tiric: So is WES
Tiric: So is XICO
milesov: i'm wondering if there was news or something...something strikes me about cnbc...can't recall tho
Tiric: ACRT is gonna do 20% tomorrow.
Tiric: DIAN
milesov: dfco
Tiric: wow!
milesov: i don't like the volume on dian, gotta pass
Tiric: Stochs gotta be over cooked on it though...2, 1, 2...3, 1, 2 and 4, 3, 2
Tiric: On DFCO
milesov: on dfco? k
milesov: hit the roof on the 4.3.2
milesov: looks like another daytrade
Tiric: It could pop but it'll close in the lower half of the range. A quick 1 hour 40%
milesov: sesi
Tiric: SESI works
milesov: vans?
milesov: safs looks like it needs to be watched
Tiric: VANS is good...two days of HA and volume is kicking.
milesov: yeah, i had that bottom nailed
Tiric: VANS v broke the downtrend
Tiric: And has a good early uptrend now
milesov: shpgy hit my scan tonite
Tiric: DBRSY
milesov: that hit too
Tiric: I pounded the table on that one about 3 months ago at 18
milesov: something about that chart just rubs me wrong
milesov: maybe its the gazillion gaps, lol
Tiric: It's a British co. lots of gaps in the chart due to trading over there when the US markets are closed
milesov: o
Tiric: TLK is at a bottom. It'll probably gap up every day for the next 3 days.
milesov: yeah, looks like it, volume is dried
Tiric: YIKES!!!! RAIL!!!
milesov: it could do 10pct
Tiric: in 2 hours
Tiric: TFCE
milesov: you got that uptrend line as resistance in mid 10s it looks like
Tiric: It'll break over that and run if that v keeps up.
milesov: ok, i got 10 to watch, that's nine more than before, lol, i'm gonna hit it, cya tomorrow
Tiric: K...C ya
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