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 (19774)	7/23/1998 12:16:00 PM
From: Eric Maggard	Read Replies (1) of 79274

Doug, I have been in and out of TAVA a couple of times. I want to give you my read and see what you think. I took at little look at it yesterday and I think it might have a technical bounce coming. It is at the long-term trendline going back to May (if I remember right) of '97. It touched the line before rocketing to 14. It is now at the line again and the short-term technicals look to be oversold. Do you think it will bounce and if so, how high? Short downtrend is at 9 and long downtrend is around 10.5. I am thinking that it will breakdown even if it does do a bounce. What do you think? TIA Eric

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