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

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To: freelyhovering who wrote (11715)2/1/1998 3:52:00 PM
From: Al Greenleaf  Read Replies (2) of 79270
 
Myron - Thanks for the tip on the Aerospace index. ORBI and ARX are "ahead" of BA (which is strengthening) in the sense that they have strongly developed uptrends, which BA does not yet. Of yours, I like

GY - The acending triangle squeeze is on! MoneyFlow, RSI, MACD and .....Stoch are all up, suggesting a upside breakout soon. Yes, I like .....it too.
NTSC - A ton of support, so little downside, and strong basing to .....support a nice move up. Symmetrical triangle?
HEI - Poised for breakout. Indicators rising, New high soon. Very .....strong uptrend.
KRSL - Ohhh, I LIKE this one. Lots of support from Sept at 6 1/2 area .....(current price), AND it is supported by the 150 dma here.
UTX - A double "W". Wow, don't see those much. And it has broken out .....over the middle high. Nice.

Less sure about:
KELL - Watch for head and shoulders here. Needs a higher low.
CADE - Descending triangle. Could go either way. Stochastics turning .....up though.

Not that you asked!! <gg>

Regards,

-Al
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