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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Densiebj who wrote (38349)1/31/2001 12:01:26 PM
From: Doug R  Read Replies (1) of 79273
 
D,

Rational expectation for API is 3 3/8. After that it gets dicey. Higher than 3 3/8 and it approaches the top of the previous reference high so would be near the top of a possible MIM and therefore no longer a buy.
Right now it's in the middle of things so it's at least a hold using proper uptrending stops.

Doug R
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