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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (1223)	11/14/1997 3:19:00 PM
From: Stephen D. French	Read Replies (1) \| Respond to of 1391

Flickerful: In order to be more interesting, I'll try and locate a stock that will perhaps indicate a potential rebound in the very near future. I will also post a chart that identifies the points I have made. After the fact charts may be too "easy" to some people, but I can bring up useful information I'm sure. Obviously we can't all follow it real time. stephen

To: flickerful who wrote (1223)	11/16/1997 1:50:00 PM
From: stan s.	Respond to of 1391

IDTI, ALR............... IDTI, Stochastic buy signal on Friday not accompanied by the other indicators as much as in the last two rallies. Bounced off support. ALR, nice move on Friday, gapped up...an RSI bullish divergence along with a plethora of momentum buy signals. Some resistance at 14 1/4... more significant at 15 3/4. The gap should help redefine support around 12 3/4. I llike the Binary Wave (assorted signals) upward movement in the top box and cross of the upturning MFI. geocities.com geocities.com

To: flickerful who wrote (1223)	11/18/1997 9:42:00 PM
From: stan s.	Read Replies (1) \| Respond to of 1391

AMAT, CYMI................................ AMAT, another broken stock. Notice the trendline break in late August. You gotta watch them. geocities.com A near term double bottom...support is backed up by a line to early June. Had a gap up yesterday...just enough to offer some hope of a redefined support line at 33. Resistance at 38 1/8. Some reistance here as it tries to break over the 200 day MA. If AMAT feels the need to fill the recent gap it doesn't need to drop to the real body...33.68 will do.. Low volume today...it's trading just under it's 200 day MA. A break and hold over that line on HEAVY volume is considered very positive. I think ENCD had one in the last few days with excellent results. A Bearish Engulfing Line at close...may signal a bottom...this is bottom fishing territory... Except for today indicators have been pretty positive...MACD buy yesterday. Stock has been pulling out of oversold. CYMI, a backed off image would look like AMAT. This had a gap up yesterday which could redefine support to 20 3/4. Filled the gap today which is common...we'll see if it holds. geocities.com Indicators pulling nicely out of oversold...a setback today on low volume. This close also generated a Bearish Engulfing Line...here again it may signal a bottom. This signal is formed when a stock opens higher and then closes lower...engulfing the previous day...on a solid red... the close is at the bottom of the real body. An MACD buy here yesterday as well.