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: charles@nagshead who wrote (2081)	8/14/1997 3:34:00 AM
From: Doug R	of 79284

Hello Charles, RECY was very cagey today. The 3 day Bollinger bands have tightend up to the point where they indicate an imminent move. Preliminary indications are for an up move but there is no confirmation. Tomorrow will make it very obvious I think. I am glad to see that there were some blocks purchased near the end of trading. Hmmmm.... Where RECY is now is where I like to do TA. Before a move starts. I hate chasing stocks. I'm getting too many requests for stocks that are already out of the gate. The best time to buy is when the TA shows the short-term strength WILL cause intermediate and/or long-term technical breakouts to occur and the stock is just waiting for them to happen. I'll find some in 2 weekends for the next list. Doug R

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