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

To: shasta23 who wrote (12442)	2/18/1998 4:59:00 PM
From: Jonathan Cleveland	Respond to of 79298

ahls reports earnings look at this company on a slow stock chast and a parabolic ind. on big charts

To: shasta23 who wrote (12442)	2/18/1998 5:05:00 PM
From: Dave H	Read Replies (1) \| Respond to of 79298

P.S. Thanks for the stuff with stoch being overbought as a good sign. I guess i'm still too mechanic and need to learn more of the fine arts of TA. Well, stick around here -- Doug R is a GREAT teacher! I did pick up both BTIC & PRLS last week based on the sequential, EPS, and chart reading. BTIC does have earnings coming out sometime soon according to IBD, but I don't know exactly when. While you do see many shorter term indicators in the overbought areas, notice that volume has really not picked up yet. I'm looking for resistence to kick in at around 17 1/2, but then if all goes well I don't think 20 will be too far off. Additionally, notice the (probably) aborted head & shoulders that had formed in august through december last year -- these types of patterns can lead to very strong upside breakouts. The wildcard here will be earnings; I hate earnings reports! ;) PRLS should reach at least 15 1/2 fairly quickly at this point. It looks to have broken out of a reverse head & shoulders formation on friday. It should then base for a while, and could take off again. Remember to look at the longer term TA indicators as well as the shorter ones. The 89,3,5 stochastics is another great one to look at. When it comes to interpreting the indicators though (and any other TA for that matter), no one holds a candle to Doug R. regards, dave