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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 (12302)	2/14/1998 11:40:00 PM
From: Steve Smith	Read Replies (1) \| Respond to of 79294

DougR has asked me to post this for him. <<I'm in AKRN now. BEAS is a greatstock but I took my 13.8% in 3 days and BEAS should go to 45 in 5 months. I expect at least 17% in less than 5 days for AKRN. If AKRN doesn't do a half point from here by Wed, I'll go into one of the stocks on the list I am working up for next week. A look at the charts of the stocks on my last 3 lists for a 5 yr. monthly view and a 1 yr. daily OHLC (open, high, low, close) chart, both including volume, will show many common features that lead to rapid , high % gains if volume and price cues are acted upon early. Take CADE and AINN as well as alot of the stocks on the lists that gave distinct volume and price signal examples. Technical signals occurring over a broad range of time periods allow for proper short-term technical timing of buying stocks with good, long-term technical strength. As seen so far in BOSCF, MTON, AMVC, SEEQ and others over the last several months, there is a degree of volatility that has been what could be "acceptable" depending on individual timing and patience. Different people have different tolerance levels and time horizons. The lists I have worked up lately are of stocks that are, for the most part, 1 day to 1 month opportunities for 10 to 50% gains. The key to timing these stocks is to watch intraday volume surges coupled with price advances. An early entry on this type of activity is the key to catching the majority ofthe move. Exit should be based strictly on a reasonable % gain targeted in advance while staying ready to exit if performance is not maintained or goes the wrong way. If I see any TA breakouts that are ahead of the price chart, I'll try to get it to the thread. Several of the stocks from the lists have gone down quite a bit. Those stocks never gave any bullish price/volume indication before dropping so they should have been easily avoided. There was a proportionately very small number of them so as far as chart patterns are concerned, I will be looking for the same types that I have on the last 3 lists. I'm working on a list to be posted Mon. along with some TA of as many as I can get to. The list is already larger than the last one so as long as the list keeps growing, the market should remain strong. Many on the list are repeats off the last 3 but there's alot of new candidates. If my computer guy can get his butt out here to reinstall and rejigger whatever it is that I'm having a problem with, I hope to be back, in person again, soon. Doug R >>