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

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To: Ocote who wrote (10510)1/14/1998 11:15:00 AM
From: Doug R  Read Replies (1) of 79273
 
Ivan, Ocote,

AMD has a short little inverted head and shoulders bottom from 12/13 to 1/12. An uptrending neckline puts resistance at just above 22 today. The low today was supported by the very short-term uptrend of the last 2 days.

I suspect that many PGDCEB's will also progress into inverted H&S formations as well. Something to be aware of.

Doug R
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