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

To: LTK007 who wrote (10783)	1/17/1998 5:10:00 PM
From: Al Greenleaf	Read Replies (3) \| Respond to of 79269

Hello Max! Since you asked... FIBR vs MUEI vs DHI. All are strong. FIBR - Great over longer term as upturn has been confirmed (higher bottom, higher high), However, resistance is the problem. 10/16's 5 1/8 top may stop you, and if it does not, 5 3/8 low from 8/11 may. The object is to cover the gap to 5 23/32, which is not a move worth the risk at this point. MUEI - Nice recent pop, nice volume. However the upturn is a little "unripe" yet, and MACD, RSI, and MoneyFlow turned down Friday. Will it make a "W"? I wait for confirmation of the turn at this point, as your risk will be greatly reduced. 2 of the 3 long term indicators I use say it is turning. DHI - 2 of three long term indicators say yes, and the volume is just what you're looking for. Regarding timing, you need a breakout above 21, as the move from 19 1/2 to 21 is not worth the risk. It looks like it is pulling back a bit (18 or so), according to short term indicators. If it pulls back a bit, buy on the upmove on any close above 21. They're all going in the right direction, but some are almost there! Hope this helps. -Al