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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Dave H who wrote (30613)	6/30/1999 10:46:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79227

David, FIBR: The rate of increase on the MACD is much greater than that of the price over the last month and a half so the divergence is there. With the 4, 3, 2 there's that hinge on Thursday that shows it's setting up for a swing upward. That hinge is a very common sight going into the last day or two of sequential completion on the ones that succeed. It's seen very often below 40 but rarely appears in extreme oversold situations. If the 4, 3, 2 hasn't hinged or if it's below 15, the odds of success are reduced. Doug R