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: Esteban who wrote (10252)	1/8/1998 1:21:00 PM
From: ivan solotaroff	Read Replies (1) of 79313

Esteban, Looking at the 5-day chart for OXHP. The "two-day trendline" that I thought was "established" by the high today is actually traceable straight back to a) the top of the cat-bounce, and b) to the spike high achieved on the way down. The line shows a close of around 3/4; 1/2 tmw, etc. This should bounce once or twice more before it goes down, should one care to get in on a requisite uptick. We're looking at a series of descending tops now, so anywhere around that line should be considered a relatively safe sell point. All, of course, just by way of cat scholarship. DIE OXHP DIE OXHP DIE OXHP DIE!!! Ivan

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