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

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To: Blake Turner who wrote (25638)1/23/1999 1:36:00 PM
From: Doug R  Read Replies (1) of 79269
 
Blake,

Keeping in mind that the 89, 3, 5 works in concert with the 233, 21, 34 on one side and the 13, 8, 8 on the other, it appears that SFAM is headed for a couple monster days next week. The 89, 3, 5 is in position for it. The 233, 21, 34 has just broken out of an IHS and the 13, 8, 8 is set to cross over and return back over 80. It looks sweet. I would say 30 7/8 is a good target. But you have to be sure the 13, 8, 8 is going to cooperate. Strength on Monday is a buy signal.

WERN is a couple days behind SFAM as far as the 13, 8, 8 goes. Without improvement there, it probably wouldn't get any higher than 20 1/4. With improvement a swing up to 23 1/2, from where another base would begin is likely.

RURL's 233 is still in a position of weakness and the 13, 8, 8 is only showing a 50/50 probability of helping out. The 89, 3, 5 is kind of drifting aimlessy just under 80 so there's a good possibility that this one will not get its momentum working.

MARG is working on an 89, 3, 5 double pump. That's pretty cool. Keep an eye on it. It's got 2 or 3 sideways days ahead which will be excellent for stalking. The 3 dRSI has a weak trick to it so I expect it will set up an IHS there with maybe a small up day on Monday and a small down day on Tuesday Then it will be ready to show what it's gonna do.

Checking on the 13, 8, 8 would have told you to stay away from AJL for now. It's still viable but won't be ready to stalk for at least a week.

Doug R
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