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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (17073)5/24/1998 11:14:00 PM
From: Doug R  Read Replies (3) of 79260
 
Now for the list of short term bullish patterns for volume watch. The list is the same size as last week's. There are, however, more bullish bottoms on this list where up until now, there were more continuation formations. The decided lack of continuation formations is just one more piece of evidence pointing toward a correction (which, of course, we're already in).

AAHS.....ABERF.....ABIO.....ACAI.....ACRT.....ACVC
AGC.....AIM.....AK.....AKRN.....AKSY.....ALDNF
ALLIF.....ALLS.....ALR.....ALRS.....AMES.....AMHC
AMLN.....AMTC.....AMTR.....AMVC.....AMWD
ANLT.....ANRG.....ANTC.....APSG.....AQM.....ARNX
ARTC.....ASGR.....ASPX.....ASTE.....ASTN.....ATRO
ATRX.....ATV.....AW.....AWA.....BCGI.....BLD.....BMC
BOBJY.....BORL.....BRLI.....CBS.....CBST.....CHK
CHKR.....CSNO.....DEEP.....EGPT.....ESPRY.....F
FILE.....FONE.....FRO.....GNTX.....GPI.....GTA
HNV.....HVY.....IDBEF.....IDC.....IK.....ISTN.....ITVU
KIDE.....KRY.....LABS.....LAKE.....LGWX.....LIPO
LPGLY.....LTC.....MDYN.....MMGC.....MSON.....MVSI
OCAD.....PLXS.....ROMT......SIRC.....TRBDF.....TTE
TXCC.....TY.....VCELA.....VCR.....VSAT.....VVUS.....VVTV

Be careful going long for a little while. Take profits without hesitation.

One point of interest is that there are two biometrics stocks on this list. IDBEF and ABIO. Just coincidence??

Doug R
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