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: Theodore Johnson who wrote (22114)	10/16/1998 2:14:00 PM
From: Magnatizer	Read Replies (1) of 79232

Theo the focus of the shark scan is a break of the top of the shark formation. A shark formation is a set of 3 consecutive inside days. IOW. day one high and low > and < day two high and low and day two high and low > and < day three. sort of a small symetrical triangle. The buy signals are produced when the stock closes higher than day one on the formation. The sell signal is produced when the stock closes lower than day one. The list I post includes stocks which are signaling today. Those are likely the best plays. The other are simply stocks that are still above (long) or below (short) the first day of the formation. It is likely they are no longer good plays. ht david

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