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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Alski who wrote (20072)8/1/1998 11:01:00 PM
From: Doug R  Read Replies (1) of 79242
 
Alski,

STLD has a 3 dRSI IHS setup, some nice stochastics X-overs, SMI strength and a few other positive attributes. The problem is that the intermediate and long term stuff doesn't indicate anything sustainable. I'd place it in the "healthy technical bounce" file. There's a possibility that it could go 18 or a little more but a buy down in the 13's should be stalked. That would probably be an intraday occurance with a close back in the 14's.

Doug R
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