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: ivan solotaroff who wrote (10213)	1/8/1998 2:27:00 AM
From: Doug R	Read Replies (3) of 79145

Ivan, A strict neckline on INTC would be from the low on 7/2 along the low on 10/28. A little warning of possible breakdown came on 12/18 and 12/19. There's some strength indicated by the 13, 8, 8 and 21, 13, 13 stochastics. The 13 day RSI is undecided. The long term stuff is very weak but hinting at at least stabilizing. As for being in limbo, as long as the price is above the neckline but below the alltime high (I realize that's quite a range), the island top and the existence of the H&S is cause for concern and chartwise cannot possibly be called a buy. At least that's what the rulebook says. Doug R

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