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

To: Solipsist who wrote (9823)	12/30/1997 11:19:00 AM
From: TheInvestor	Read Replies (1) \| Respond to of 79237

RECY is now a screaming BUY, 6 x 6 1/8, LOW...LOW...LOW

To: Solipsist who wrote (9823)	12/30/1997 11:29:00 AM
From: Esteban	Read Replies (1) \| Respond to of 79237

S, I don't have a price target, but yesterday Doug mentioned resistance at the 50 day moving average. The way I like to play the signals if the cat bounces is to draw an intraday trendline from the signal day low through the first low that is made as result of an intraday pullback. When the stock price violates this trendline, it's time to sell. For successful cats this can be as much as 5 or more days later. The same technique can be done on the daily bars, but the short day or two bounces will escape you without a profit. It's important using daily bars to accelerate the slope of the trendline if prices rally steeply. Esteban