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

To: freelyhovering who wrote (11140)	1/23/1998 3:13:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79145

Yikes!!! Myron!!!, That's alot of stocks for one post! >>gg<< I'll check what I can over the weekend. The reverse (I like to call it "inverted" in case anyone is wondering) H&S has to break out to be bullish and with the 13, 8, 8 there's often a 2 or 3 day lag until the price reacts. Also, other positive TA stuff happening concurrently is desirable. The ones I like the best to use along with it for timing are the 3 day RSI and 2, 1, 2 stochastics (you can substitute the 3, 1, 2 for that on TC2000). If they are also breaking out of a pattern or above resistance that helps alot. A strong 89, 3, 5 is helpful and tightly bound MA's of several periods is very nice too. Bollinger activity can help you get an idea of potential short-term range of a move. And that MA/MLR thing I do is also a good tool for confirmation of potential both for sustainability of a move and range. As you know, I look at much more than just these and I can't go through it all here. It all works fairly well though. Doug R

To: freelyhovering who wrote (11140)	1/25/1998 5:46:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79145

Myron, UTI, RON, WII, KEG, CDG SLB, MDCO Just finished checking your little energy group there. The 13, 8, 8 has the IH&S in them all but I'd also like to see the 89 day RSI find support one time on that 50 value as well. There seems to be alot of pressure on their 200 dMA's and some are well under it already. That aspect should be watched closely. When these guys do turn back up, they should produce nice gains. It doesn't quite look like now is the time though. Doug R