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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 (10789)1/17/1998 6:03:00 PM
From: Al Greenleaf  Read Replies (1) | Respond to of 79270
 
Hi Doug - Seems I can only read SI on weekends (sadly). Thanks for the post. I really like FAXX. For LT trend turns, I like to look for the OBV to cross it's 90 dma, and this one did it on 10/16, and has been getting "pent-up" since (god - I know that feeling! <gg>). Amazingly, Since then the long stochastic 55,21,21 has crossed it's 21 dma, and long MACD 13,34,89 has crossed it's signal line; all without too big a move (proportionately to the rest of the chart)! Usually these indications belong on a chart that does not have all that much room to go, but THIS one has JUST broken out, and doesn't see major resistance until 5 1/4. GREAT PICK! How the heck did you find this?? (I'll write a scan!! <g>)

Thanks Doug!

-Al

PS - Mike - buy THIS one!!



To: Doug R who wrote (10789)1/19/1998 12:03:00 AM
From: Al Greenleaf  Read Replies (2) | Respond to of 79270
 
Yo, Doug! MIMBO alert! Not only that, but it is going up! ADVH!
Check chart for last 2 months. PLUS:
OBV is above 90 dma and 18 dma
MACD 13,34,89 is above signal and closing in on zero. 12,26,9 is about to cross signal AND zero to upside all at once
Long Stochastic 55,21,21 is above the ma, but just under 20, th short one, 13,8,8 is under 20 but clearly turning up.
RSI crossed 9 dma on Friday
MoneyFlow Oscillator went positive on 12/11/97 for first time since downtrend broke, is still up, and is rising again.

Thought you'd like to know. Frankly, I am reluctant to wait for the breakout above 17 1/8 due to the volume on Friday and the higher low.

Regards,

-Al

PS - I see BLSC is 'a ding-ding'ing too. I'd consider a buy on close above 5 3/8, yes?