The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: KEN TEAGUE who wrote (8461)	11/27/1997 5:09:00 AM
From: Doug R	Read Replies (9) of 79352

Ken, TA suggests that BOSCF is still a hold. Downside is minimal (that's the first thing I look for), upside potential is 30% or more in 4 to 8 weeks. And YIKES, the 3 day RSI just broke out in a major way today! There is a breakout of a downtrend in the 3 day RSI with the value above 70. That is huge. There is also a breakout of an inverted head and shoulders pattern that has an uptrending neckline in the 3 day RSI. THAT breakout is even huger. The fact that the 2 breakouts are happening at the same time is very positive (conservatively speaking) The intermediate-term SMI is still above the bullish threshold while the short-term SMI is starting a move up from oversold readings. GEEZ. I sold a long time (3 weeks) ago but I stand behind this one 100%. I don't pick these stocks just for my own gain. I think I made $12 on BOSCF. If I knew what I know now when I sold ACRT and bought Joanie's find, I'd be buying BOSCF here. If you check the 21, 13, 13 stochastics and project what the activity there means for the 89, 3, 5 stochastics, you'll smile. MACD is also significant. Doug R

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next