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: Instock who wrote (6696)	10/29/1997 10:11:00 PM
From: freelyhovering	Read Replies (2) of 79274

Instock--CHAT--This stock is in the early stages of a recovery from old highs of 4.44 back in May/June of '96. Since then it broke down during the week of 7/2/97 to 1.19. for the left shoulder of a reverse-head-and-shoulder formation. The head was formed during the week of 7/31 at 1.13 and the rt. shoulder during the week of 9/24 at 1.19. A couple of days ago it held at 1.25 and has moved up from there. There has been a nice buy signal given by the 18 day TSV of TC2000 and OBV looks very powerful. Also BOP and MoneyStream are confirming the short term buy signal. The 5/13/40 EMA are barely in bearish territory but the 5 and 13 day EMA's are poised to jump above the 40 day at any moment with a strong up day. The chart suggests the possibility of a move to the 2 1/4 area next and then potentially to 3-3 1/2. Of course, one always has in mind the old highs of 4.44-- if this critter can get going. Myron

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