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: Sergio H who wrote (11735)	2/9/1998 5:50:00 PM
From: Al Greenleaf	Read Replies (2) of 79471

Sergio - RE: PCTH, up almost 10% today. Congratulations! This move caught my eye, so I took another look. I would still call this an Earlybird, in that there has not yet been a "serious" new uptrend formed, BUT, those long indicators that were negative and pointing down are now pointing up, though some are still in negative territory. The biggest thing was the formation of the higher lows since my February 1 report. The 1/16, 1/20 lows of 4.188 were improved by the newer lows of 4.281 on 2/2, 2/3, and 2/4. This higher low gives us a place to draw a line across the bottoms, for a new uptrend, new though it is. This appears still to be a descending triangle, so be careful. Any close below 4 9/32 would be a danger signal. I was really pleased that you made money on this, and will be watching it for my own account. Thanks for bringing it to my attention. Regards, -Al

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