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: Densiebj who wrote (36282)	7/20/2000 9:38:35 PM
From: Doug R	Read Replies (3) of 79378

D, Some "attitudinal" charting for educational purposes only: The stock I have in mind here is in the tight flag of an HTF. It completed the flagpole on 7/6 and immediately produced a sharkfin with the 7/7 and 7/8 bars. Then on 7/12 it gapped up a bit. It hasn't closed that gap. The next 4 days are a base. Yesterday it gapped up again and that gap remained open today. Within that flag is now a very subtle base on base formation defined by those 2 unclosed gaps. Altogether...the HTF...the fin....the base on base are extremely bullish. Normally a base on base will have equal durations on the 2 bases. The first one is 5 days long. The 2nd one is now 2 days Also it's been closing on or very near the low each day. That gets the short term stochastics very oversold. When it breaks out, it'll have alot of short term room before it gets overbought which is very consistent with the expectation of another quick double associated with an HTF breakout. Can YOU name that stock???.......heheheheheh Doug R

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