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 (36621)	8/24/2000 1:06:47 PM
From: Doug R	Read Replies (1) of 79315

Bazan, A blowoff top is a very high volume day with a significantly large price move. For ALSI, now that it's an IL violator, I'd say volume would be something close to 500K and a price bar that covers 3 or more points. It doesn't quite matter as much where within the bar it closes. Look at any chart...they all have a top somewhere. What's the one thing those tops most have in common....big volume. ALSI might not blow off but just fade instead so scaling into a position would work well in any case. Doug R

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