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: Doug R who wrote (12026)	2/8/1998 12:37:00 AM
From: Doug R	Read Replies (1) of 79270

Ok, the first TA is done. Since IFCI looked best, I did it first. A 13, 8, 8 and a 89, 3, 5 and a 233, 21, 34 stochastics crossovers just occurred on Fri along with a 3 day RSI breakout of an inverted head and shoulders at a value of 90. I like RSI breakouts at 90. The indicator hinged into the breakout so that's not as strong as it could be but it's probably good for a nice quick profit if the darn stock doesn't gap up. MACD is crossing bullish again. A 21 day MA/MLR is kicking up a knee. I like those too. The positive volume index just made a new alltime high. The SMI is very strong. Moving avg. stuff is just fine. MoneyFlow is great and leaves room for a move toward the old (well ok so it's not that old) high. Bollinger bands are supportive. All the other stuff I look at is great. It's not the only stock out there so try not to chase a gap. If nobody here buys until the shorts that fade my picks prevent a gap, that would be really cool. This stock definitely has an attitude. It could very well do 25% or more in 3 weeks or less. Doug R

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