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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 (11875)	2/4/1998 4:01:00 AM
From: Doug R	Read Replies (4) \| Respond to of 79298

ALSC notes: The technicals continue on a holy tear. A new breakout in the 3 day RSI has set up the likelihood of strong continuation tomorrow ala GTAX's Fri. closing breakout. The 34 day RSI is moving up more steeply than the price and this can be construed as convergence (a good thing). The 55 day CCI is about to cross above +100. The stochastics momentum has reaccelerated but is so high now that I would expect a close that is about 1/4 to 5/16 off the high or a one day break will be necessary for Thu. Myron will especially like the 3, 1, 2 stochastics. The 13, 8, 8 stochastics just completed a strong upside crossover which usually portends a move 2 to 3 days in advance. This would imply that ALSC has at least a couple more strong days left this week. In general, ALSC just climbed the ladder to another complete set of technical breakouts plus those 13, 8, 8's along with a knee on the 21, 13, 13's. Looking to break through the 200dMA here. I am of the opinion that Wed. will be very cool. If I didn't know better, I'd say there was some "panic institutional buying" starting. Doug R