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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 (13307)	3/14/1998 9:47:00 AM
From: bdog	Read Replies (1) \| Respond to of 79273

Ocote, Davids new award? I missed that, what is? All I know is that youngblood shot out of the starting gates with such an burst, that his feet never touched the ground. After the smoke cleared it was evident to me that the only way to catch DJ was in 3 years cruising the caribbean in his 80 foot yacht! I think he should be knighted into 56dom as the MB Holy Tear. And then there is Miles "shouting at the devil" (LOL) with his 15MA routine and 3day RSI scans.... I can't keep up! nice work guys bdog

To: Ocote who wrote (13307)	3/14/1998 10:00:00 PM
From: Magnatizer	Read Replies (2) \| Respond to of 79273

Ocote RE PURW Indicator wise I am looking for a break of 3 day RSI short term downtrend on volume. Also a breakout of downtrend in 89 day MFI. Setup key: I feel the trendlines are the key to PURW. It is currently in a tight flag (triangle) which is a good short term set up. Would need volume to break out. But what I find most interesting is the Long term trendline dating back to 5/23/97. It has been bounced off of (6/18/97) used as support (Mid Nov 97) broken (11/26/97) acted as resistance (2/26/98) broken (2/27/98) and used as support ever since with a couple good bounces off of it. One more good seperation from this trendline (on volume) will send PURW up solidly IMO. I wish it would have happened on Friday as I feel it has used it as support for longer than I am comfortable with. If/when it does leave on volume the other indicators will be sure to follow. I feel the reason it is resting and not leaving the long term trendline is simply too much too soon. In fact a nice basing period would probably be healthy for PURW but I hope it does not happen as I am in solely as a trader. The FA on the stock is impressive so I am not to worried if it does break the trendline and I become an instant investor as it would most likely fall to $8.00 range where I have a recent ACT formed. Have not looked at NAII yet. With Doug posting his gems I will probably put on backburner for a while. happy trades David