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

To: Michael L. who wrote (13270)	3/13/1998 2:34:00 AM
From: Doug R	Respond to of 79469

Michael, FAXX did exactly the same kind of RSI breakout on Wednesday's close that ADTK did when I labelled ADTK a "3 day RSI jailbreak" ADTK's breakout quickly failed. This stuff doesn't work all the time but failures are few and quickly erased. ACRT gave the same "jailbreak" 3 day RSI signal last Fri. with a bit more precision in that a key downtrend and an uptrending neckline of an inverted head and shoulders (both within the 3 day RSI) intersected on Fri as the indicator value broke above this intersection. As I've said before, I love those intersections!! On the fundamental side, FAXX seems to have a competitive edge. Some other low priced smallcaps that exhibit short term technical predictability of price behavior are ISTN, ELGT, ONPT, JAVC, AST and CADE. FCSE should be watched very closely. A chart of monthly bars with volume, by itself, is very compelling. Doug R