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

To: Ocote who wrote (12902)	2/28/1998 12:18:00 PM
From: Al Greenleaf	Respond to of 79281

Ocote - I like ADVH. For ADVH, OBV is behaving well, and it's 90 dma keeps rising in spite of the recent drop. It too, is right at it's trendline (based on closes, from 12/15, 1/12, and 2/26). In the short term, volume has dried up relative to Dec, Jan and early Feb. The Thursday action WAS interesting however. Friday's action was even more interesting in that it was the first "white candle" (up) after 6 consecutive down days. The stock is showing bottoming behavior, but none but the shortest term indicators have turned up yet. I would say that if you want to catch the bottom, wait for one up day, hopefully with some volume. On the other hand, this is better than a "classic bottom" in that the 50 dma is RISING, the trendline is already positive, so the risks of buying now are greatly diminished, compared to, say, mid-December. A rising 50 dma is a major plus. I will be watching this very closely, to buy near the close of the first up day, with targets at 18 3/4, then 19 1/2, then to cover the gap to 23 7/8. I'm glad you're watching this, as I cannot watch them all!! Thanks! Regards, -Al