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: TA2K who wrote (24927)	1/3/1999 3:35:00 PM
From: Doug R	Read Replies (1) of 79230

Nicholas, Look at price movement in relation to movement of the indicator over 80. Most people associate that with being overbought but unless a stock is overbought, it won't move up. The larger buy signal for the 89, 3, 5 is after an initial move up from oversold to over 80 it pulls back under 50 and holds above (in Parity using aol for data anyway >>gg<<) 20. The next break above 80 is when a large move has a better chance of starting. A long term uptrend in the MACD that reaches 0 and "forces" the MACD itself over 0 with volume support is a strong verification. Doug R

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