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

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To: James Strauss who wrote (19642)7/20/1998 1:23:00 PM
From: Doug R  Read Replies (1) of 79545
 
Jim,

If Merck likes Bioject's device, I do to :)
Check out the 89 day SMA of the highs with the 34 day SMA of the lows with a 5 day EMA of the closes. Today's activity is a major signal...if it holds.
The requisites are the 34 over the 89 and both moving up with the 5 just starting an upturn. I call it the variable MA channel with a rabbit.
It was originally in the blender but I dropped it for some reason. I'm putting it back as a component of the MA set.
Check out a bunch of stocks with it. You'll see it's a great signal and lends itself to anticipation.

Doug R
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