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

To: ACAN who wrote (35379)	5/7/2000 11:40:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79270

Allan, OSE: The first thing I looked at was the 3 dRSI. It's sitting on a negative hinge at what could be the top of a right shoulder. Uptrending neckline makes it a bit dangerous. An uptrend line on the indicator from 4/17 intersects a 2ndary trick trigger on Tuesday (value 54.4). The H&S neckline is below both these lines which makes it very useful to gauge viability of upward price prospects into the week. The optimal situation would be a volume supported move off that uptrend after a boring Monday (accumulation). A slight down day would better define a little triangle using the head and right shoulder and the 4/17 uptrend. According to all this it appears that the price will have to hold the 4/18 to 5/4 uptrend. It acquired TC for Wed (5/3) and both triggers are pulled so it might just get news or something on Monday and forget about the 3 dRSI situation. CCIs look ready. PVI turned back up very nicely in relation to the entire formation at a point above a trend acceleration line. It should be a very good trade if volume kicks in on any start to the upside.......especially after that possible downtick to 4 5/16 or so. Doug R