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 (15427)	4/24/1998 12:53:00 PM
From: shasta23	Read Replies (1) of 79273

DOUG! I'm by far less TA experienced but AINN was definitely overbot the last days. I had hoped for a pop through earnings but that would've just pushed the parameters even higher. MACD(13,34,89) had peaked at around the same level as in midoctober and the end of december.So i hoped for a pop but rationally the stock was ready for a pullback. Right now we sit on support at 8 which is also 66% fib retracement. If we can hold and base at this level that would be great and i think would prepare for the next leg up. But i assume that will take a few weeks. I see the uptrend really broken if we can't hold above the 50SMA. Otherwise we would be still in a phase of higher lows disregarding today's spike to seven. What do you think? stefan

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