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

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To: Alski who wrote (15064)4/21/1998 6:07:00 PM
From: Magnatizer  Read Replies (1) of 79273
 
Alski

FGII was ready for a rest. Did not follow it today so I may be putting my foot in my mouth.

Long term is tough because the data only goes back 15 months. Not a real clear picture.

Mid to Short term: A couple of nice BOs early this month. One from a IHS formation (4/8/98 BO) and another from a big symetrical triangle (4/1/98 BO) Both held very well and only retested for 1-3 days. Very strong. I had a signal on 1/28/98 which gave FGII a target of 50.50. I see it doing that in the next two months or so (conservatively speaking). Little left of overhead resistance.

ht
david
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