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


To: Rsg who wrote (10943)1/20/1998 11:19:00 PM
From: Doug R  Respond to of 79273
 
Rick,

Have you a serviette handy? I know I sound pretty psyched about things sometimes but after PLXS (I still haven't checked to see what it is they do) and RADAF last week, I'm heavily into stalking mode. The 3 I have in my sites should yield something soon. I just have to wait for the signal.
As far as the PGDCEB, I've noticed a curious little thing that can occur: If the close is on the low equal to the postgap low and the volume on that low close satisfies the volume requirement, it may be carried over to the next day if the price requirement is met then. Sooooo, MMGC is closer to a signal than it appears at first glance. If it trades just 1/32 lower tomorrow and moves up toward the close (or at any time during the day) and holds above the low, the volume requirement is already sort of built in from today.

If it gaps up tomorrow it will have eluded me...for now.

Now if you'll kindly get back in line behind M Solum, I'll check out SRCM in a short while.

Thank you,
Doug R



To: Rsg who wrote (10943)1/21/1998 12:02:00 AM
From: Doug R  Respond to of 79273
 
Rick,

SRCM will likely go up one more day. The 3 day RSI is nearly topped out. It's that long arcing top to the ceiling that sets up the 3 day RSI trick. As a quick trade it may do well for tomorrow then watch the 3 day RSI for 2 to 4 days.

Next stop: the Dow.

Doug R