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


To: Warthog who wrote (32968)12/9/1999 11:32:00 AM
From: Doug R  Read Replies (4) | Respond to of 79193
 
Wart,

CPU:

A line from the low on 9/30 to the high on 11/2 is the first hurdle. I expect that line will not be too much trouble.
Next up is from the low on 8/31 to the high on 10/11. That one would be a decent place to take a bit of profit.
A very optimistic (but not overly improbable) line is from the low on 8/13 to the high on 9/13. The initial downtrend coming off the all time high across the high on 3/2/98 may stop it before it gets to the optimistic line.

Speaking of cup with handle, ABSC is working through a handle. It should be watched closely imo.

Doug R