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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Trippi who wrote (25589)1/20/1999 2:29:00 AM
From: Doug R  Read Replies (1) of 79296
 
Trippi, Doug,

It was the fact that AKLM made a low that was higher that 11 13/16 that was a technical buy signal. The next day, the stock gapped down to open at...
...
...11 13/16.
That wasn't supposed to happen. Whenever the events that immediately follow a short term buy signal fail to "gel", that should be taken, at the very least. to be a huge caution signal. More often than not, it's a sell signal. Hmmmm...new chapter; "How to Use Certain Price Activity Following a Buy Signal as a Sell Signal"

Anyway...That 11 13/16 area is going to be sticky again in the future but there's no technical reason to believe the stock will not return to that price in 4 weeks or less. From there, the chart will be at a telling crossroad.

Doug R
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