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 (16000)	5/2/1998 9:18:00 PM
From: TATRADER	Read Replies (1) of 79383

Doug, I need your TA take on WAST...Fundamentally, it stinks..What do you expect from garbage...Presently, you could argue a rectangle pattern from 2.00-2.50, or possibly a pole with a nice long flag.... A tight Pattern...My HV Thrust gave me a hit the other day so I took a look at it..The momentum was up so I joined the ride...My initial position was at 2.28...My question is this: How do you determine in advance the break from a pattern..Volume has been accelerating slightly..The 20 day is at 281,000 vs. the 3 day at 319,766.........RS has been creeping up as well, 51,53,58,58, and 63.....Any comments appreciated....Mark

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