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

To: Upstock who wrote (12617)	2/22/1998 11:44:00 PM
From: Doug R	Respond to of 79313

Al, It's been 5 weeks since FAXX broke out of the HTF. That's not really too long considering the potential return at stake. The recent base it's moving from now is higher than the previous base although it hasn't yet gone higher than the last high. This activity is why it's on the list of stocks that are building potential and as such, there are no sell signals at all on it. If it fails to make a higher high here, you can draw an uptrend and a downtrend that, at some point, will intersect. If the uptrend breaks down, that would be a sell signal. If the downtrend is broken out of, that would be a buy signal. The course is set and until a signal one way or the other is sent, any action would only amount to a guess. Patience... wait for a signal. The overall bias is up. Doug R