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 (18348)	6/11/1998 2:39:00 AM
From: Ceez	Read Replies (1) of 79241

Hi Doug, Could you give us a quick comment on the current market conditions?? I remember reading one post stating that we needed to get to 9300 by Friday for the bull market to continue. Does not look like it will make it. OT......could you confirm to me that ANTC is no longer a "long play" (at least for the rest of this week). Today the MACD indicators that I use (8-17-9), (12-26-9) & (13-34-89) turned to the downside. Also ANTC could not break the resistance line formed by the three most recent StochRSI (14) highs. ANTC's most recent highs (price that is) have been in divergence with the StochRSI (14) highs (Higher highs in the price, lower highs in the indicator). I was hoping ANTC would break this resistance line (and the H&S neckline), specially with the news release of the recent contract. Don't think it will happen now. If ANTC is no longer a long play, would you say that it has turned into a short play or do you see the stock trading sideways for a while? TIA Ceez

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