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

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To: Jack C. who wrote (15990)5/2/1998 4:27:00 PM
From: Doug R  Read Replies (1) of 79429
 
Jack,

What do you think of ALR? It has a score of 50 but the stochastics subscore is only 5. I don't like to accept any subscore under 6 but I think by the time it improves a breakout could be well under way. Also, rather than a MIMBO it's a cup with handle so one might expect some low level attitude in the stochastics near the bottom of the handle. Remember, attitude stocks are NOT strictly short term so there should be some time available to track and/or accumulate. What's your take on it?

Still looking,
Doug R
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