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

To: Cary C who wrote (10017)	1/4/1998 8:28:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79180

On to CSRE, Not a turnaround yet but the short term stochastics and RSI are telegraphing the possibility of a 20 to 30% move sometime this week. The key to trigger the move is an inverted head and shoulders pattern that is trying to find a bottom for the right shoulder at this time. If this formation sets up, the neckline defining a breakout would take the indicators to levels that project a very bullish move. I'd like to ask Dave H to help me watch this one. Specifically the 3, 1, 2 and 2, 1, 2 stochastics which would have a flat neckline and the 3 day RSI which would have a downtrending neckline. The trigger could get pulled on any day this week if the right shoulder doesn't break down. The Volume on DIN appears problematic at this point. The chart formation is that of a MIM with a valiant BO attempt but the volume was just not supportive. The major downtrend is set up however and a once a week look at it is warranted. The technicals also reflect the volume blahs. Doug R