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

To: Magnatizer who wrote (13265)	3/12/1998 5:25:00 PM
From: bdog	Read Replies (1) \| Respond to of 79273

That wasn't gambling, we were watching real time ta in action. You know, he sees 2,1,2 stochs in the cards....>g< bdog

To: Magnatizer who wrote (13265)	3/13/1998 11:01:00 PM
From: Ocote	Read Replies (3) \| Respond to of 79273

Dave and all:[PURW, NAII] What do you think the key is to the setup for PURW? It seems to like to break out of a downtrending RSI or SMI, rather than reach a threshold SMI. It seems to like to use 50 in the 13 day RSI as resistance for a while and then when it breaks though it will use it as support for a while, during which it makes a big gain. But the present situation is very different...much more volume and RSI reaching new heights. I hesitate to rely too much on the old patterns. I can't tell whether its ready to make another move soon, or whether that RSI's going to have to reset under 50. Sorry to babble on so much, but I do appreciate the sharpness of your TA, especially with your new award(!) You might also be interested in NAII--same sector, and similar high flag-like pattern. I see more of a pattern in the 13 day RSI here, using the rising trend line of the 13 day RSI for support for each of its last three takeoffs--seems to be ready to do the same again. The 3 day shooting up off a hinge today. The very short term SMIs have hinged upwards, while the longer term SMI's are very bullish. Ocote