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: Jake's mom who wrote (8678)	12/2/1997 12:19:00 PM
From: Doug R	Read Replies (1) of 79313

AMVC The Chart (A brief TA) After breaking a major downtrending line of resistance and moving off the retest on heavy volme, AMVC has now created a base on base chart formation. This formation, when broken out of, typically yields dramatic results. The Technicals: SMI is moving to bullish levels. A downtrend in the 2,1,2 SMI in now broken with the intermediate-term strong and turning up. This gives support to a positive supply/demand dynamic. There is an optimal crossover in the 89 day MA/MLR. As you all know, I like this situation as an indicator looking out several months. If you pick your spots on it, AMVC will overall trend up and have good buying (and selling) opportunities during the short-term. Bollinger Band activity is positive. Moving Average activity is positive. MACD is nice too. MoneyFlow, PVI/NVI and Accumulation/distribution stuff is positive. RSI activity is positive. Stochastics activity is positive. Short-term target 3 5/16......Intermediate target 4 1/2. TA score 51

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