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: James A. Blair who wrote (21242)	9/13/1998 2:12:00 PM
From: Doug R	Read Replies (1) of 79313

Jim, ELGT has made quite a comeback so far. The 3 day RSI is starting to look rather tricklike. If it completes the preliminary setup it will very likely get well over two then continue on the trick's signal. The 2, 1, 2 stochastics are really jumping too. It's got potential to get back toward 3 if the volume cooperates. The best opportunity to avg. down is past but if it continues from here on volume, it should still have quite a ways to go. I don't think it's ready yet to go higher than 3 but it will be a good quick trade (depending on volume). Doug R PS; The casino in St. Louis was just a one time thing. I had never been to one so I thought I'd give it a try. I'll stick with nice calm hotels for a while. After Florida at the end of January, the Northeast is my next stop.

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