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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: stock talk who wrote (33006)12/11/1999 3:11:00 PM
From: Doug R  Read Replies (2) of 79201
 
stock talk,

Here's the history of CSRE on this thread:

techstocks.com

Right now the shorter term stuff has some decent buy signals for a trade but there is not an overwhelming amount of agreement among the indicators.
Longer term stuff appears to have a slight upward bias.
The overall price chart configuration would tend to require a move over 9 13/16 in order to begin a series of events that could lead to a more bullish long term outlook. From that point of view, a more optimal time to begin stalking it for a long term buy and hold would come after a pullback from a move over 9 13/16. That pullback could take it as low again as 4 3/16 before the chart would lose good long term potential. Of course it doesn't have to pull back that far but it would need to hold 4 3/16 as a minimum. If the above takes place (the move over 9 13/16 is required first), then the overall chart configuration will have accomplished the work necessary to become more inclined toward a long term rise. There are a couple verifying factors that would also have to occur but there's alot of water yet to pass under the bridge before getting to that.
For now it just looks like a fairly decent profit can be made over the short term if it can make a volume supported move over 5 1/2 on Mon. That value is given by a line drawn across the tops on 10/21....10/26....11/3 and 11/5. That's an uptrending line so the bar is raised a little bit each day. The short term technicals give it a chance to get over the line but supporting volume will be the main concern.

Hope this helps,
Doug R

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