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

To: milesofstyles who wrote (30819)	7/8/1999 1:57:00 AM
From: Gene S	Respond to of 79233

Milesov, Thanks for your thoughts. I ran a 13drsi and it's still going up in overbought land although I've heard that oscillators take on less significance in trending markets. The move outside the upper <=34dbb is a concern. My main reasons for the buy here was the BO of longer term resistance at around 30, the BO of the shorter term ascending triangle and the breakaway gap on better than average volume. More chart stuff than TA. Also, the MA's look good. Anyway, with 29 as my support I like the risk/reward from here. Time will tell. Wish me luck. Gene