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: Warthog who wrote (35384)	5/7/2000 2:02:00 PM
From: Doug R	Read Replies (2) of 79260

Wart...and everyone, I'm sure there are a lot of folks looking for charts with good rebound possibilities. THE major consideration (imo) is that the 13 dCCI for any stock must show proper tone. A smoothed out (comatose) look on the indicator as price bounces is a negative. Much more often than not, a comatose CCI on an initial bounce will result in a lower low after the bounce. Proper 13 dCCI tone is seen as sharper movement...ie nice zigs and zags. For stocks with questionable tone on the 13...go to the 8 to see if there's a tendency for a return to proper tone. Doug R

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