CHARTS AND TA, A UNIQUE APPROACH Message Board

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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: stan s. who wrote (1227)	11/17/1997 7:45:00 PM
From: D. K. G.	Read Replies (1) of 1391

stan the man, ABDR busted out to yet another new high today. Remember a few weeks ago it gave an evening star on a friday above the upper BB. Then on monday the SE asia fears hit ,full force, the US market. ABDR was down to 36-37 area that day for support, as you had devined. So there was a nice sell signal on that particular friday. But I never saw a clear reentry pt, had I sold. ABDR now at $43+. Would have been shaken out. Company fundamentals remain strong and the weak hands were shaken out by the SE asian market event which is unrelated to ABDR's business.Shares were accumilated and taken higher by strong hands? The TA paradox... The despite objective application of math (the science) in TA you still need a subjective touch (the art) to make trading decisions. I guess that's why I'm more (80%) of a buy and hold type who enjoys reading your thread. What's next for ABDR? It's looking strong price volume wise but it's no longer a cheap stock to own on a valuation basis. As always, thanks in advance Denis

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