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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (22745)11/26/1998 12:34:00 AM
From: Alski  Read Replies (2) of 79256
 
Thread,
As if y'all don't have enough to do keeping up with the scan results and turkey dinners, I have a basic T&A question. I surfed into 3 BO's that all have new positive stoch crossovers at fairly high values. I'm just not too sure when that's good vs. when that's overbought. Is there a good, cheap, and dirty way to tell when they're done vs. just gettin' up a good head of steam? Y'all are familiar with the first two but the third one might be something new to watch.

PRMS and, from a bit further back in 56 history, KIDE were both up big today (esp. KIDE). PRMS was up 7 1/4% on only typical volume, but stochs had positive crossover at 68 and MACD moved up to the signal line. KIDE made a big 25% move on 5X volume. Positive crossovers in MACD and stochs at 80, (quadrupled since early Oct.!).

POS ain't got no 56 history (at least searchably recently). Relative laggard up 1 1/4% but making a charge at an the time high with positive crossovers in MACD and stochs above 80 yesterday. Good funnies(?) and recent press, even managed to use Internet in the last one.

Happy Thanksgiving,
Alski

PS. If y'all are seriously going to work on a post Thanksgiving correction short scan ya might, in keeping with sharks and rabbits and the holiday traditions, want to think about calling it the turkey scan <G>
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