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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 (6500)	10/28/1997 6:32:00 AM
From: tdl4138	Respond to of 79273

Is it Friday afternoon....yet? Oh well.... Doug, could not agree with you more on looking for strong stocks after this is over....I will be concentrating in the oil/services sector.... that is....if I have anything left to invest with.... Dave

To: Doug R who wrote (6500)	10/28/1997 6:40:00 AM
From: Claire G	Respond to of 79273

doug What about the stocks that went up in this down trend. Claire

To: Doug R who wrote (6500)	10/28/1997 8:15:00 AM
From: James L. Fleckenstein	Read Replies (1) \| Respond to of 79273

Doug and anybody else: Do Elliot's wave rules apply here? After a vicious sell-off and brief recovery, a sustained sell-off commences. Is that a reasonable expectation? Thanks.

To: Doug R who wrote (6500)	10/28/1997 9:06:00 AM
From: Bosco	Respond to of 79273

good morning, Doug - long time. You sez "A whole new crop is about to rise from the ashes. YOU ARE ALL PUT ON "RETURN TO UPTREND" WATCH. This is THE BEST place to look at this time. " This is very good advice. Thx rgds Bosco

To: Doug R who wrote (6500)	10/28/1997 9:56:00 AM
From: majormember	Read Replies (2) \| Respond to of 79273

Doug R. I greatly admire your TA and entire attitude on the market. As an admitted novice-intermediate Stock Trader, I am always looking to enhance my knowledge of the market. I came accross an Annopolis meeting on this thread and others. Is it only for "Advanced" TA's or people like myself? If so, could you please post info on it, or where I can find info on it. TIA- Steve

To: Doug R who wrote (6500)	10/28/1997 11:01:00 AM
From: watcher	Respond to of 79273

Doug, No problem understandng how to draw uptrend lines -- just trying to figure out how to use aol to update stock prices, at least en masse. (I ask 'cuz it is my impression that you update your stock prices on aol...I don't know whether it is all (12000?) stocks or not...but I'd be curious to know what the mechanics of such downloads are.) Thanks very much in advance, watcher

To: Doug R who wrote (6500)	10/28/1997 1:08:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79273

Trend return possibility #1. Watch for ADMG to get over 4 1/2 today or tomorrow. That will represent a return to its uptrend. It's not there yet but it looks like it could. The only best way to play it in order to avoid the possibility of a false rally is to wait for those stocks that return to their most recent uptrend from before the correction (unless you were able to buy when the Dow was under 7000. I think I recall saying to buy everything in sight at that point 2 weekends ago). Doug R

To: Doug R who wrote (6500)	10/28/1997 1:14:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79273

Trend return possibility #2. If MTST closes at or above 6 1/2, that will represent a return to its uptrend. Doug R

To: Doug R who wrote (6500)	10/28/1997 4:01:00 PM
From: Esteban	Respond to of 79273

Doug, CADE pops back up above trendline from July 97, after a brief one day foray below it. I've only been following this thread for 3 weeks, and have been impressed enough to join SI just so I can post here occasionally. I know it's been a tough time and the stocks I've bought based on the posts here have lost value, but I think they will shine in the long run. (I hope not too long, I like Instock's investment horizon.) I'm hoping that the small caps will give us a better chance to find some bargains. Today the large cap techs jumped so quickly I was afraid to buy because they are already too HIGH.

To: Doug R who wrote (6500)	10/28/1997 6:31:00 PM
From: Esteban	Respond to of 79273

Doug, what about ACRT? Just touched, then bounced and closed well above the trendline from 7/96. This line looks very powerful: It has been tested 4 times, each time followed by a strong and substantial upward move. Can we forgive the fact that it broke important support at 14 3/4 decisively yesterday, given yesterday's market. I've been concerned about this one, it hasn't shown any strength since I bought it at 21. You are probably already aware of these stocks that you are already following meeting the criteria you are looking for for a strong potential new move in the aftermath (hopefully) of this correction. Just want to remind you that some of these might be right under our noses, and we don't want to overlook them. I normally follow large cap techs, are you interested in any candidates from that arena? The focus here seems almost exclusively micro cap. If you would post your watch list or refer me to a previous post of this, I will happily look for more returns above trendlines.

To: Doug R who wrote (6500)	10/28/1997 8:52:00 PM
From: Bob&Carolyn	Read Replies (1) \| Respond to of 79273

Doug or someone knowledgeable, <just connect the two most recent lows before last week ...> I/we have been following this thread for several weeks now and really appreciate the work you all do and the knowledge you are sharing. It's really very amazing! Though I've finished Pistolese's book, I've got a couple questions I hope someone answer. Should the bars in these charts include hi and low for the day, or just open and close? (Generally I've been looking at I.Q.Charts with candle sticks.) Now trying to apply Doug's straight forward instructions (above) to the real world becomes a little fuzzy. Using RECY's chart as an example, would the correct two points to use for the trend line be 10/17 and 10/3? I know this is VERY basic (embarassingly basic), but I have to start somewhere and I'd like to do it RIGHT. TIA, Carolyn