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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (13376)3/16/1998 1:20:00 AM
From: Magnatizer  Read Replies (3) of 79313
 
Doug

I took a look at ALLIF and to me it looks like a great short term (2-3 day) play but the long term looks like a lower entry is just around the corner. Long term stoch just crossing 80. Last time it did this the stock based for 4 months. Other long term stochs are indicating a short term base/pullback. I compared their level now to the times in the past when they had reached those levels. Traditionally the charts are showing a base/downturn is lurking around the corner. 55 period CCI has formed a rounded top and is declining. MFI 89: last two times it reached this level the stock dropped around a buck fifty.

of interest is the forming of a handle on the CCI 144. and the MLR signal is a near perfect buy.

I took a look at the funnymentals on this stock and they are spectacular. So a long term play is possible but I am a little suspicious of a basing period coming up. I don't want to buy just before it occurs.

In other words, I will play this short term for sure but I don't think I will hold past Tuesday. If the CCI 144 forms a handle I am back in for a while, unless of course APCO comes to my buy signal. Or something that looks better hits me. In other words, I need to go to bed because this post is making me confused.

whatever
david
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