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

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To: Cube who wrote (19867)7/26/1998 9:45:00 PM
From: Doug R  Read Replies (1) of 79486
 
Cube,

ATVI completed the trick...yup. I'd like to see some initial strength in it tomorrow though. The biggest difference in PRGN was the strength in the long term stochastics. ATVI has a nice crossover there but it's well into the lower range still. Not that it necessarily rules out the usual reaction to the trick but you're right in not expecting PRGN type returns on it. It'll probably be of the 15% variety. Just make sure it looks like it's got some buying behind it tomorrow. Also, sometimes it takes up to 3 days for the reaction to set in so don't dismiss ATVI if it doesn't go immediately.

Doug R
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