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

To: Doug R who wrote (32804)	11/25/1999 10:24:00 PM
From: milesofstyles	Read Replies (4) \| Respond to of 79227

just fer fun i find sixty minute resistance ala the dreaded midbands to be at 16.50, there in viewing the price activity, you will also see the pullback's downtrend has been broken, although currently not being supported too furiously in the last 3 hours of trading, thus, the probable stickiness of 3/8s. indicators show positive dmi, rsi and stochastics readings. entry based on sixty minute chart would be > 16.50, with that or just below being the stop. previous uptrend activity starting with the triangle type bo it exhibited on 6-11 will show resistance to occur at 17.75, probably the key value here. for those already in the stock i would refer to the fifteen minute chart, there, you'll find an ihs type formation with a neck of approximately 16.75, with a target that coincides with the previous uptrend value 17.75, further weakness as possibly noted by doug would probably be confirmed on a break below 16 1/4 area, which would be the failure to break the sixty mids and result in the loss of the fifteen mids. alski, nice post to steve, not much i can add to yer thoughts, my biggest mistake was not to make the changeover electronically, did seem they were reluctant to part with my loot at the time and... thx to those who work so hard along side me day and nite on a regular basis to make our endeavors as successful as possible. i am very grateful and blessed to have such a wonderful group to interact with...happy thanksgiving to all gravyov