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

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To: Alski who wrote (26505)2/18/1999 9:04:00 AM
From: Magnatizer  Read Replies (1) of 79230
 
Alski

good one buddy. I see it as a possible short term trade myself. Intraday kind of stuff. It will likely take a few days of base before it pops again but it is probable it will return to the overhead dtrend in the high 27s low 28s.

You DID learn sumtin

One critique: I did not see a volume study in your read. Look at the chart on a weekly scale and you can draw a overhead dtrend above the volume bars from June of last year on. If KNDL continues to stay in its triangle the volume will tell when a breakout is for real

ht
david
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