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

To: Dave H who wrote (7306)	11/7/1997 11:26:00 AM
From: Doug R	Read Replies (6) \| Respond to of 79313

Dave, When both lines are stable then the MLR crosses above the MA, you can be pretty confident that a trend is taking shape in that the stock is doing what the 89 day MLR says it's doing above the MA. In other words, the price will, more than half the time, be above the MA. That activity, in turn, causes the MA to rise at the same time that there is also positive momentum in the MLR. It kind of feeds on itself and is alot like what happens over an airplane's wing to create lift. As long as it's nice and smooth, the takeoff will be relatively safe. Doug R