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

To: Bruce Cullen who wrote (31849)	9/3/1999 7:13:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79260

Bruce, I use stochastics momentum index (the 13, 25, 2) to determine whether or not a stock has the strength to attempt a serious move. IATV's threshold for this is a value of about +3. Currently it's about -10 but moving up. Technical resistance there corresponds with probable supply getting in the way at around 14 5/8. Translated to price trend line resistance you're looking at the line across the lows on 4/22/99 and 5/26/99 as a target for a position trade. That's about all I see happening for now. As a comparison, watch HTCH. Very similar chart but HTCH has it's SMI above its bullish threshold. Doug R