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 (10578)	1/15/1998 9:56:00 AM
From: Dave H	Read Replies (2) of 79281

Ivan, RECY is starting to look good to me. It's funny(?) how I was able to see the drop in RECY, even the eventual low of 5, yet when I decide to enter a position I lose money! My new year's resolution is to act much quicker on what I see, as it does seem that I can predict better than I act. At any rate, I see RECY poised for a breakout, mostly looking at the 13,8,8 stochastics. It has set up a nice double bottom that is divergent with price action. I think the magic price is 6 5/8, which, if broken through on volume, will probably propel this one back up to 8 or more. What's your take? -dave

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