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: charles@nagshead who wrote (26157)	2/2/1999 11:22:00 PM
From: Doug R	Read Replies (2) of 79521

Charlie, DELL's chart is a typical blow-off top here. Am I reading that volume right, 40 million shares today?? On that kind of volume you would expect DELL to be 120 already if it was going to go there any time soon. That could be trouble for the Naz. KO looks like trouble too. Maybe puts are in order. You're getting HNV at a low risk area. It's good about giving that away so far. An interesting point is that HNV has not closed below the 12/22 to 1/7 trend line. A close below that might serve as a possible warning. It closed on that line on 1/27 and gapped up the next day with the low holding the line. It closed on that same line again today while leaving itself a steenth or so of leeway to the downside tomorrow. Back to ironing shirts, Doug R

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