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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 (8379)11/25/1997 7:56:00 PM
From: James Anderson  Read Replies (1) | Respond to of 79378
 
Doug, could you please tell me how to determine the IL, do you use channels, trendlines, MAs??? Curious, James.



To: Doug R who wrote (8379)11/25/1997 9:50:00 PM
From: Al Greenleaf  Read Replies (3) | Respond to of 79378
 
GAP-20 Stocks: CCFH, HABC Story follows:
HABC has stochastics turning up on LOW volume, RSI around 50, and MACD turning up but still underwater. This one has some work to do.

CCFH has narrowed Bollinger bands, and has been resting for 5 weeks from a run up from 17'ish to 19'ish. It is in a long term uptrend that has been VERY gradual. Stochastics just crossed up over 20, MACD is bottoming, but has not turned up. Midrange RSI and improving moneyflow, with a strong OBV. This stock looks like it is coming out of the hospital now after a long basing period. There are .9 million shares out, so if it takes off, it should go well. Vol today was 3100 shares. PE is 500. That's right, five-hundred!

NEXT!

Regards,

-Al