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: milesofstyles who wrote (20064)	8/1/1998 7:33:00 PM
From: Alski	Read Replies (2) of 79238

Steel, anybody follow steel? I ran across a couple articles touting weakness in the steel sector and thought about the end of the GM strike. Reminded me to check an old fav STLD. It's beaten down to 14.5 from recent high of 23ish, all time high of 29ish, but it looks to me like it's trying to turn back up. Weekly stochs about to cross, daily stochs recently crossed and point straight up. RSI and momentum improving too. Volume spike in June apparently due to "substantial energy shortages and unacceptably high costs for peak hour energy." iqc.com Any good dougr doodads in there that I'll be able to figure for myself after I get to a seminar. Might STLD be trying to make a run in the face of "weak steel"? Alski PS. Sep 15 calls @ 1 1/16, Nov 15s @ 1 11/16

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