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

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To: Doug R who wrote (29931)5/28/1999 3:01:00 AM
From: Doug R  Read Replies (6) of 79230
 
Ok seminar grads...now that the mainstream community has recognized the correction, it's time to start looking for the activity that the best stocks exhibit when a correction bottoms.
When you see it in any stock, post the symbol and what you're seeing in the chart.
Remember, return to uptrend, refusal to break below or successful retest of most recent significant uptrend, snap turns in the TA of a stock that was telegraphing attitude but was held back by the market and....VOLUME.

Bdog...run that alltime high scan daily if you can.

If the S&P had closed down 32.3 or more points today, the correction would have definitely been within a few days of hitting bottom. That may still be the case though. The time to get on your toes is approaching.....soon.

Doug R
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