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: Jack C. who wrote (16358)	5/6/1998 11:12:00 AM
From: David Alan Cook	Read Replies (1) of 79429

Jack, I tend to follow the longer term charts as I am an investor versus a trader. I like to see multi-year charts with basing and then a breakout from this range. Since most of these companies tend to be turnarounds ( ie huge correction and then one or more years basing ), I look for indicators that the company is turning its operations around. Some of the best indicators that I have found is the company insiders who buy shares near and at the low. If they continue to buy on the way up . . I become more encouraged. Not sure what you mean by the term " hate factor ". DC

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