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

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To: Warthog who wrote (26064)2/1/1999 7:48:00 AM
From: Doug R  Read Replies (4) of 79505
 
Wart,

OCA has returned to a previous uptrend on good volume. That's a very good sign.
ISEE is very interesting. Could be a good one for a quick trade or a day trade.
ZRAN is definitely going to keep moving up. Just buy it.
CMED may have to wind up some more. Check out DMED instead.
CODI is probably good to around 9.
HMA is one of those high volume bottoms that present low risk if a tight stop is used. There may be a danger of it gapping down though.
That volume on the INTV dive doesn't look like enough to say it's over yet. It should be a good one to stalk for a bottom today. If it occurs, expect huge volume and very little time to grab it once it does bottom. For anybody "stuck" in it, that would be a good chance to avg. down for a psychological repair job.

Doug R
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