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: milesofstyles who wrote (16656)	5/9/1998 4:47:00 AM
From: Doug R	Read Replies (1) of 79325

Milesov, So far I've run MTON, VCR and ELGT. ELGT took a while because when I get one that scores 55 I have to go back and try to find any hint of a reason why it shouldn't be. I couldn't find anything to knock it down any so 55 it is. Remember that line I had as the critical resistance for it ( the highs on 8/19/97 and 3/23/98)? That was where it closed on Thu. Fri. it moved off that line and closed on the high. Very nice. VCR got a score of 54. It started at 55 and on the rerun I was able to justify taking a point off based on the short term stochastics (the 2,1,2 thru 7,3,10) which makes sense since that 7th point tends to reflect timing and what the heck, Thu. was the better day to get in when it would have scored 55. MTON came out of the blender with a good solid 51. No rush on it. Still a very good one to accumulate which I was able to start doing more of on Wed. Some chart stuff indicates a possible break above 15 on it by the end of the month with a possible top for the month at 17. Ok, I've added two to your list and verified one from it. I'll run the rest as the weekend progresses. Maybe find some more while I'm at it. Doug R

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