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: Doug R who wrote (9365)	12/17/1997 7:39:00 AM
From: Dave H	Read Replies (1) of 79382

Doug, Don't think so, in the strict sense. All-time high was from March '85 at 33.63 -- December '95 high of 28.38 kind of screws up the picture. Does this discount it, or would you still consider stalking it? If we threw out 1985 (hey, Ivan would do that! ;)) then we could be stalking it for breakout with volume confirmation. but I have a feeling you won't like the chart anymore....(I'm figuring your AOL data didn't give you back to 1985...) short term-- BOP & moneystream don't look supportive of the recent uptrend. 12/12 & 12/15 lows broke any acceleration line that may have been forming. long/intermediate term Stochastics look very strong, but the 13,8,8 looks like it doesn't have much room to go at this point. 3 day RSI is in a downtrend. volume also has not been supportive, only picking up in the last two days which have been pretty weak days. i'd say this one is going back to 1 1/2 pretty soon. am i seeing what you are seeing? -dave

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