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

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To: Magnatizer who wrote (22217)10/20/1998 2:51:00 AM
From: Doug R  Read Replies (1) of 79234
 
David,

Even though I am still working vigorously on the comkey and as such I would not tend toward the negative on hits from the scan, I must interject here as far as YES is concerned. As you know, I have started to investigate the 8 dMFI/34 dMFI profile. There is a great deal of usefulness in it as far as the comkey goes (IMO). YES looks very risky insofar as the MFI stuff would seem to show.

Craig!!...are you out there? Have you looked into the Equus stuff on the MFI?? Can you code it so it can be jammed into a scan? The MFI stuff allows for the 3 dRSI minimum value to drop to 74. The rationalization behind doing so is that more weak prospects are weeded out while more contenders are included. Requisite MFI activity dictates that the 8 is over the 34 and both are rising. The 3 dRSI adjustment should loosen up the bottleneck a bit while offering a tighter supply/demand control.

Doug R
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