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

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To: jsavage who wrote (25850)1/26/1999 1:48:00 AM
From: Doug R  Read Replies (2) of 79230
 
JAS,

The 2 7/8 target on CADE is the type I term an "initial" target. Now I realize that there are stocks that fail to reach my initial target but the ones that do will get another complete technical going over by me to determine their potential for continuation. When CADE gets to 2 7/8, I'll come up with something I'm sure. In the meantime, pay attention to the significant trend lines and have patience.

ISAC has a good chance at continuing from here. Again, be aware of the trend line. If it gets over 2 1/4 on Tuesday and fails to stay above 2 1/4, that could be time to begin taking some profit.

Doug R
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