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: Ed Newman who wrote (2565)	8/23/1997 2:22:00 AM
From: Doug R	of 79398

Ed, XETA has been on quite a roll. It's been so strong, in fact, that the only thing to look for on every move up was the 34 day CCI moving up off of the +25 level. Whenever it has done that, the next day began a move up. If the earnings are to be well received I would watch for that to occur again. After today's close the 34 day CCI is at about +30 and moving down. If the price is flat on Monday watch the volume during the last hour or so. Other indicators have backpedalled in the last two weeks but that gives them more room to move up to overbought. A new buy signal should be watched for on Monday. Doug R

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