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

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To: Doug R who wrote (21219)9/11/1998 1:18:00 PM
From: Doug R  Read Replies (2) of 79313
 
I'm going to go back through all the stocks brought to my attention recently and some others for the next couple days and I'll post them as I find different stuff in the charts and technicals. Since I'm just getting started on that, I thought I'd post them as I go through them. The first couple (and probably the next few) came from Tim Warner who attended the Wilmington seminar. He's doing scans on insider buying and sent me some hits from his scan on 8/24. ICOC just had a nice move on good volume yesterday and it's hanging around today waiting for the breakout from a 3 dRSI IHS to get in gear. Looks like a good trade for up to a few days to around 4.
Another he brought up (not from the scan) is WMS. A cat house member that's setting up a 3 dRSI trick...not the inverted kind. I advise watching the progress of the trick and the 13, 8, 8 stochastics.

In general, it seems the 13, 8, 8 stochastics are the most useful single indicator at this point. It's picking up convergence in quite a few stocks. WAXS is a good example of that.

Doug R
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