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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 (11056)	1/22/1998 5:29:00 AM
From: Ocote	Read Replies (3) \| Respond to of 79273

Doug-- I also wonder about the line defined by RSI tops of 6/13, 7/30, 10/7, 1/5 & 1/20. It is broken by head of a little H&S at 12/5. Does it still have importance? The length and number of times touched or nearly touched seem to relate to this whole topping out period. Globex way down, so I'll go with your -80. As for shorts: am still short AT. CPQ showed what it was trying to do by breaking out on improved earnings. Now its chart looks like Dell in that it has been able to break above 50 dma. But neither one looks convincing that it wants to break 52-week highs. Educational, but not willing to put money either way on this one. CCI turned the corner right at the downtrend line; have added to position. BXS announced disappointing earnings, has nice H & S formation that it may break down out of today. LCOS fading but I'm bothered by the ascending triangle. Won't get greedy on this one. Someone else on another thread said, its important to know how to bunt too, not just look for homeruns. GE sequential class today. Have good day. Ocote