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

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To: Doug R who wrote (6500)10/28/1997 1:08:00 PM
From: Doug R  Read Replies (1) of 79273
 
Trend return possibility #1.

Watch for ADMG to get over 4 1/2 today or tomorrow. That will represent a return to its uptrend. It's not there yet but it looks like it could.

The only best way to play it in order to avoid the possibility of a false rally is to wait for those stocks that return to their most recent uptrend from before the correction (unless you were able to buy when the Dow was under 7000. I think I recall saying to buy everything in sight at that point 2 weekends ago).

Doug R
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