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: Doug R who wrote (22130)	10/18/1998 4:38:00 AM
From: MechanicalMethod	Read Replies (1) of 79270

Doug, Nice expansion on ABTE. Last 3days show a buy at open would of worked well, except Fri where it momentarily dropped 1/4. There's evidence of accumulation, including a 30k buy at the High a minute before 4 Fri. It's held up nicely for 20days with volume well below the 50d vol avg. Friday's volume was the first in a long while. If volume trends up here price is over 6.50 in a heartbeat. Could be heading to 10.62? I like it. Just saw your note about the likely gap, I hate it when that happens. I wouldn't look for the dip to go below 4.75. If it only gaps to 5 that would match Fri's Open to Low differential of 1/4. It should rocket from there, likely doubling the size of Fridays bar. Osci

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