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


To: Terry Backlund who wrote (12314)2/15/1998 8:40:00 PM
From: Terry Backlund  Respond to of 79298
 
Doug,

Opps!

Sorry one more, CMNT

Sincerely,

Terry



To: Terry Backlund who wrote (12314)2/16/1998 3:39:00 PM
From: Doug R  Read Replies (1) | Respond to of 79298
 
Terry,

YESSS!!! I am now back. Ok, let's see. RADAF huh? The long-term stochastics are about to enter the overdrive zone again but that level often offers initial resistance (but not always). The short-term stuff is woefully oversold and may take a bit of time to work out of that. It is nice to see the 34 day RSI holding 50 so if that can continue, recovery will be quite strong when the 233, 21, 34 stochastics get in gear. I would watch the 89, 3, 5 stochastics to get a lead on the possibility of impending strength in the 233, 21, 34. If the short-term RSI makes a half-hearted move then falls to very oversold again, you better ask management some tough questions.

Doug R