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


To: Jack C. who wrote (13816)3/25/1998 4:07:00 PM
From: Doug R  Read Replies (6) | Respond to of 79333
 
Jack,

Refer to the seminar manual regarding the chart focusing on tight BB's. It is common for a slight dip to occur which widens the bands initially giving the price more room to the upside. At this point, the very short RSI is low while the price is testing the lower band. This is often considered a buy signal. I had also warned that a "scary" looking shakeout was probable this week.

AINN really has no ACT at this point. It may have a chart bit that resembles an ACT but I can't really confirm it as such.

Go to the trendline analysis of AINN from the seminar and try to choose a line that you fell comfortable with as a dynamic that you would not like to see broken.

Doug R