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 (17115)	5/18/1998 4:23:00 PM
From: shasta23	Read Replies (1) of 79313

CYLS Looks good on my weekly time frame with CCI and Money flow firmly going down after a big top. But the daily stuff(stoch 7,3,10 and MACD(5,35,8) are bottoming which got me a little confused. This shorting stuff is new to me and i'm a little impatient and nervous. But i got my stop in a little bit above 14 and shouldn't worry. You wrote once your downside target was 9. A little bit under 9 is the 66% fib retracement area. Is that still a valid target because i know your trendlines/targets are rising and declining and therefore nothing stays the same!! ;-)) What do you think of CVAN as a shorting candidate? If failed to make a new high. Longer term parameters are declining. It broke through the 9EMA today decisively. MACD in short and longer time frame is declining and although i don't know how to draw an IL i know it's quiet a steep trendline that i assume was broken today. For a shorting newbie this one looks good...what do you thing MEISTER? Stefan

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