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

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To: qu168 who wrote (31839)9/2/1999 8:31:00 AM
From: Doug R  Read Replies (1) of 79230
 
q,

MLG:

That's a nice chart. All kinds of things going on with it. It'll get rough around 9 1/2 to 9 11/16 by 9/9. It doesn't have the technical juice yet to be able to start knocking off resistance and there's a significant amount at that level. Once it gets started try to get a stop in there just under 9 1/4.
It's generally set up to make a more significant move but it's not quite ready yet. The data over the next couple weeks will provide better information for a roadmap afterward so bring it back around then.

Doug R

Doug R
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