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

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To: Blake Turner who wrote (26318)2/11/1999 12:19:00 AM
From: Magnatizer  Read Replies (2) of 79357
 
Blake

PSYS does look like it is putting in a MIM. It is also one of those that, if it can break the long term downtrend which started 5.17.96, a good run should result. Will be a short but sweet pop, target mid to upper 4s.

Edit: Oh boy, its time for bed. The above long term downtrend is on the weekly chart. The daily chart has already broken the downtrend and had its run. Getting through the weekly will take much more omph. Not out of the question though. One to watch. Will take a Friday close above the dtrend to verify.

ht
david
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