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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (10789)1/17/1998 6:03:00 PM
From: Al Greenleaf  Read Replies (1) of 79270
 
Hi Doug - Seems I can only read SI on weekends (sadly). Thanks for the post. I really like FAXX. For LT trend turns, I like to look for the OBV to cross it's 90 dma, and this one did it on 10/16, and has been getting "pent-up" since (god - I know that feeling! <gg>). Amazingly, Since then the long stochastic 55,21,21 has crossed it's 21 dma, and long MACD 13,34,89 has crossed it's signal line; all without too big a move (proportionately to the rest of the chart)! Usually these indications belong on a chart that does not have all that much room to go, but THIS one has JUST broken out, and doesn't see major resistance until 5 1/4. GREAT PICK! How the heck did you find this?? (I'll write a scan!! <g>)

Thanks Doug!

-Al

PS - Mike - buy THIS one!!
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