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

To: BigLouie who wrote (37027)	9/17/2000 9:13:49 PM
From: Doug R	Respond to of 79383

Hi Mario, XTEL started hitting the scans with initial regularity early this year. Then March/April market weakness put it into hibernation. It has come back as a usual suspect with a vengeance. Since it's gone from 2 to 8 in just a couple months I figure the first thing to look for is whether or not it has any IL/ACT stuff going on. A possible ACT starting 6/28 is ruled out because that line cuts through some previous price bars. Other possible ACTs have too much volatility along the highs during the time that the acceleration defining them occurs. Alright...you're ok there. Now...what's the stock actually doing? The Feb. peak is a MIM. 8/17 was the break over the MDTL. 8/25 was the retest...a quick one. Volume, relative to the period before July, is definitely supportive. $10 is the previous alltime high so it's headed there. Once it gets there...tighten up your trendlines cuz it may tack on a handle...in which case you can expect a consolidation low of 5 1/2ish. Does all this stuff jive with what you heard and saw in class? :-) Doug R