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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (11877)2/4/1998 8:26:00 AM
From: Ceez  Read Replies (1) of 79302
 
Hi Doug,

I don't understand the following sentence (it's too early in the morning PST my brain is still asleep);

<<The stochastics momentum has reaccelerated but is so high now that I would expect a close that is about 1/4 to 5/16 off the high or a one day break will be necessary for Thu.>>

So if the high of the day was 9, let's say, ALSC should close around 8 3/4??? Why would it need a one day break on Thu??????

Thanks in advance. Looking forward to meeting you in CA in a couple of months.
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