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: FishbackJ who wrote (15996)	5/2/1998 4:59:00 PM
From: Doug R	Read Replies (3) of 79405

Hi Dick, Boy have you found yourself a can of worms now!!! Let's see...first thing to do is study the PGDCEB rules and regs. I hope someone will be so kind as to post the link to the most definitive explanation of that phenomenon. It's a good technique that cannot be discounted by traders trying to jump on a signal too early. Then there's several chart formations I like belonging to any number of stocks which are monitored by myself and a bunch of regulars on the thread. The best way I have found to teach these formations is in a seminar I give on occasion. The next one is in LA on 6/27. Due to the nature of the qualifying restrictions on the formations it's very difficult and time consuming to try to describe them here. And they're proprietary. One formation in particular, when coupled with a passing score of a TA regimen I have developed is acceptably consistent with the intermediate to long term results it yields. Then there's the short term technical signals for the more impatient among us who like to jump on stocks in the day or two before a pop or just as they begin to pop. One of my favorites among these signals is the breakout above the neckline of an inverted head and shoulders in the 3 day RSI. Milesofstyles pretty much has a handle on what other stuff to look for there...such as another that I call "the 3 dRSI trick" which is different than the 3 dRSI IHS breakout. Other more widely known chart patterns and formations are always sought as well. O'Neil's cup with handle and high tight flag are 2 good ones. Ascending triangle breakouts work well too. At any time, contributions of fundamental info such as float size, future possible dilution, earnings reports and contract awards etc are always welcome. I suggest you take your time and read back however much of the thread you are inclined to and see if you can get any semblance of organized notes on all this. Like I said, a can of worms, Doug R

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