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

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To: John_W who wrote (9468)12/19/1997 4:11:00 PM
From: Al Greenleaf  Read Replies (1) of 79384
 
<So many gap-20's> - I would just look at the normal indicators, with a short term and long term version of each. I use stochastics, macd, Obv, moneyflow, and rsi. I like DVD right now. My quickie review is 1. does it have increasing volume the last few days, 2. is it in the first third of a move, as opposed to a top, and did the stochastics 12,26,9 cross it's signal recently (%D and %K). Also, if they gap 10-15%, they usually pull back before moving up. I never buy a stock that was "down today". I must say tho, these have all held up better than the average security. I just wouldn't buy on gap-20 alone.

RE: holidays, the same to you, and a size and a half larger!! Hope you and your family are well this Holiday. I am financing the gifts by renting out the orphans as temps and Au Pair's. Need one? <lol>.

Regards,

-Al
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