To: Terry Backlund who wrote (70 ) 4/1/1998 3:24:00 AM From: Doug R Read Replies (1) | Respond to of 468
Terry, Since you can't do TA to save your life, here's a TA life preserver for you. I figured I should bring it over here since all you folks are being so patient. That IHS in AINN's 3 dRSI is either, A) already formed (the sideways move today could be a stealth right shoulder) or B) still in the process of forming the right shoulder. If A is the case, we could see a breakout tomorrow with a launch on Thu. If B is the case, a dip in the indicator would set up a breakout possibility for Thu. and a launch on Fri. so your dislike of the stock scheduled for Fri. seems to be well timed. The 4, 3, 2 stochastics are hinting at A though. You could also use a break in the downtrend of the 7, 3, 10 from 2/13 to confirm A. There's a nice crossover in the 89, 3, 5. The 13, 8, 8 and the 144, 13, 8 are both a bit tangled but poised. The granddaddy stoch is set to kick a knee. The downtrend in the 34 day CCI was broken and today proved to be the early indication of a successful retest of that break. That good ol' 13, 25, 2 SMI used for bullish threshold assessment has leveled out right at THE line and all shorter periods are supportive of a fresh swing up. The 89 day MA/MLR is grooving. The OBV has been ratcheting up nicely since the plateau on 2/13 (there's that date again) was first reached. This baby's at the starting gate still and the faster it spins it's wheels before it goes, the higher it will fly. The TA suggests that a contract (or contracts) is pending and all the players are just crossing the t's and dotting the i's as they go about accumulating at a nice, steady, evenhanded pace. Doug R