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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: James Strauss who wrote (2599)8/23/1997 6:36:00 PM
From: TripleWitching   of 79428
 
Jim,

Back for anther one. Now as I remember from the SMI lessons Doug requires an uptrend in the shortterm ranges. HMSY definately has that. Then a long way back he said the 13,25,2 SMI is where he goes to see if it's above a baseline bullish level. HMSY definately has that too. Recently Doug has been stressing breakouts in the indicators from downtrends and a few patterns he has mentioned so far. The 13,25,2 smi just broke out of a very long downtrend. The breakout was in late July and early August so I geuss it's still early in HMSY's new direction. The 2,1,2 smi is really tough to read but it looks like it doesn't have much to say for Monday. I think that means it needs a couple more days to say anything?.
That MA MLR thing isn't crossed over but it looks like the MLR is closley following under the MA. I'm not sure if Doug would just stop here or not but I'll try some more. When the cross over happens I would buy alot from what I see so far.
The 3 day bollinger band is not quite closed up. The price just poked above the 21 day a couple daysa ago and isdropping back to the middle band again. The bottom of the 55 day bollinger band looks like its making its first higher low now. I geuss the bb's say a couple more days to wait to see if it will go up a bit more for the time being.
The middle length rsi has a breakout that is at the same place as the price breakout. Thats another thing Doug likes.
The money flow is really strong.
The stochastics all seem in order.
I think Doug would like this one alot. He never told us how he comes up with those incredibly accurate target prices though. I would geuss about 10 in the next 2 weeks.
Well Doug? Are you there? Howm I doing?

Jeff
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