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 (16722)	5/11/1998 8:41:00 AM
From: Dave H	Read Replies (3) of 79326

Doug, I was going over the GTAX chart this weekend, and I really think this one is over the IL. I drew two different ACT/IL combos and both are in violation. The first has the ACT at around 10 5/8 & the IL at around 23 1/8 today; the second (and the one I'm partial to) has the ACT at around 13 5/8 and the IL at around 21 5/8. I like this second line as well because I see GTAX using the line as resistance and then support (currently using it as support). What do you think? Thanks, Dave

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