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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: The Perfect Hedge who wrote (3172)8/3/1997 1:04:00 PM
From: Chris   of 42787
 
Hi Glen,

good morning.. Today's not as HOT... whew...

Anyways,

Let's take a look:

geocities.com

The pink lines are minor trendlines that can be used to show resistance and support (If i may).. That price pattern is called a "flag" (others: please correct me if I'm wrong. I always get confused between a wedge and a flag and a pennant <g>))

The 3 lines in the stochrsi chart --- YES... 3 different time periods. Cyan -- Stochrsi (55 day) -- long term overbought/oversold
Red -- Stochrsi (14 day) -- intermediate to short term overbought/oversold
Yellow -- Stochrsi (8,5) -- very short term overbought/oversold..

Use the "general (not always) criteria of above 70 - overbought
below 30 - oversold.
Use slope to your advantage
Use extrapolation to figure out "where it is heading"...

Stochrsi is Good stuff....

Where CKR is headed:

Up.... It's consolidating a bit (healthy). TRIX is moving up. Money flow is flowing... Pay attention to the 2 blue trendlines -- the upward channel. CKR is following that channel as it heads higher...

Just my opiinons....

Keep the questions coming.. I'm sure others had the same questions..

Chris
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