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


To: Topannuity who wrote (31520)8/9/1999 12:37:00 PM
From: TWICK  Read Replies (1) | Respond to of 79230
 
Hi all. I could you some TA help with DST. The chart I'm looking at is a tricky one. Not quite sure what to make of it. siliconinvestor.com

The way I plotted my trend lines, I see a new support level in the $61-$64 range, which was the last major resistance range. The stock has held up very well during this sell-off, so I guess I'm seeing strength in the high 60's, which makes me think that $61-$64 could make for a strong base for the rest of the month, prior to the Fed Meeting. I'm just wondering if I can narrow down my range, or if I'm off base with my calculations. I do want to get better at this TA.

Any thoughts, feedback, criticism is greatly appreciated.

Twick

P.S. I really dig this new charting service SI has on the new site. No need for me to go to another site like BigCharts, etc.