The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Doug R who wrote (10868)	1/19/1998 11:53:00 PM
From: Ocote	Read Replies (1) of 79260

What a list Doug!! It's my duty to look at some of the shorts(not that I don't like the longs, mind you) THQI--like this one for a post-Christmas hangover from toy-exuberance. On the volume side. You can draw a declining line on the volume since before recent peaks. Add to that pronounced divergence between higher highs recently and lower highs in Chaiken, AD(14), RSI 13. Also negative breakouts on midrange stochastics. Looks ready to me. AT--Like the long term trading channel, which it is touching at the present time, or if you prefer the 233 Bollinger bands. Either way looks like it will soon push off and head down to its lower channel line. Also liked ARTC and ARTS. Have been stalking CPQ again, which may not be quite ready. I shorted CPQ when it broke down from a head and shoulders at 58 in early December. Since then it rebounded a bit up through the head and shoulders, suggesting that these are not the operative resistance. Looking at the MA's it looks like it's being squashed between the ever closer descending 50 dma and the flattening but still ascending 200 dma. RSI--13 week RSI rebounding weakly from a low around Dec 1st, but appeared to rebound downward off an ascending support line from 3/22/96 to 4/18/97, suggesting resistance. Then bounce upward off a line of descending resistance in the most recent downturn. Seems like its bouncing around without direction. Money flow negative since broke through neck line AD oscillator demonstrates most prolonged and negative outflow of money within recent histroy. OBV crossed downward over its 90 day MA IL violator.(4/18/97 beginning of ACT) 12/9/97 breakdown through H&S was BO of VIM 13.8.8 Stoch just crossed over downward Short SMI are positive, so may see a nice little rally to watch for possible short. Good night, Ocote

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next