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: bazan who wrote (36234)	7/15/2000 7:12:48 PM
From: Doug R	Read Replies (1) of 79384

Bazan, More homework: KEI put in an ACT thereby initiating an IL construction. Since putting in the ACT the chart has proceeded to violate the IL. After the price high on 7/5 KEI gapped down to open just under the IL on 7/6. Since then it has struggled to climb back over the IL and can not do so. Monday's value of the ACT is 53 1/4 and is rising at the rate of 3 1/8 points per week. Time from ACT to price peak was 23 trading days. Avg. time to return to the ACT is 1/2 that from ACT to peak with typical time range of 1/3 to 2/3 of ACT to peak. Using a 2/3 timeframe would put the return to the ACT 8 trading days from now. The ACT will be about 5 3/4 points higher than it is now...$59. RR is calculated using the % drop from the peak to the ACT which for KEI is 48 points or 45%. An RR starting directly off the ACT at 59 would then take it to 89 1/2. Some decent movement in store for KEI. Doug R

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