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

To: Woody who wrote (53960)12/11/2018 12:47:39 PM
From: Doug R  Read Replies (1) | Respond to of 79425
 
It has two valid ways to draw an IL. It looks like it's trying to figure out which one's which today. see 2nd chart.
Nice, a potential short candidate coming up.
(But something tells me you already knew that)





To: Woody who wrote (53960)12/11/2018 1:09:39 PM
From: Doug R  Respond to of 79425
 
I lean toward the one that's more closely parallel to the bevel but the chart will know best when it's all said and done.




To: Woody who wrote (53960)12/12/2018 11:53:22 AM
From: Doug R  Read Replies (1) | Respond to of 79425
 
AMSC...gotta wait for the daily technicals to show that it's done. Don't jump the gun. Just like not catching a falling knife but in reverse.

Although it shur does look purty on the hourly with the neg. div. on the 3 RSI.


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