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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: belker who wrote (75)	6/28/1998 10:38:00 AM
From: Greg McDaniel	Read Replies (1) \| Respond to of 967

I took a look at the long term chart and predict further deterioration down to $21-$24 range. If it holds there it could rebound. This was based on looking at the speed resistance lines when it broke out of a couple of years of basing around $9 then a run up to $50.

To: belker who wrote (75)	6/28/1998 9:45:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Bob, Just a brief outlook on ASMLF ... For me I probably wouldn't be playing this as a 'full fledged dbl top' for these reasons ... 1. The distance between peaks is seperated by ~7 months 2. The peaks are not close together in point value I'm sure you noticed the smaller dbl top/or H&S formation located between 2/26 and 5/5 98... noticed how it dropped below the neckline and then retraced back up then dropped. If I have time tomorrow I'll add some more comments (been a bit busy)... - side note - I probably won't be working on the dbl top/bottom scan for awhile (it doesn' interest me as much right now). One thing caught my attention though was the RSI indicator. Well a few things in particular about it actually. 1. Studying it and seeing how it holds up. 2. Chart formations in the RSI 3. (saw this in the recent bonus issue of TASC) volume based RSI indicator and if it is 'better' then just the regular RSI. A recent article (a couple months back) about the RSI caught my attention. This author stated that for his tests the 16 day look-back gave the best results. Average annual % gain was 75. One thing I did notice was that he used a buy signal when the indicator first dropped below 30 and when it first raised above 70. Now I'm not that familar with the RSI to know if this differs slightly then how most people have looked at the ob/os levels in the RSI in the past, but I thought this approach was different. I'm used to the stochRSI, stochs, and many other indicator's buy level as it crosses a certain level going up thru a value level. Any comments on the above? Sean Sanders

To: belker who wrote (75)	1/30/1999 5:52:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Bob, I just reviewed a post you posted in Jun 98 about ASMLF forming a dbl top. I don't have the CD data in QP2 on my HD (it's about as maxed as it can get right now (looking to purchase a new one soon). ASMLF - This is one large dbl top that did a nice job in completing and keeping the trend down for quite a long period of time. Although the month of July and August would have probably shook out most of the shorter term dbl top traders; after those 2 months it was a nice ride to the bottom. - nice to be able to look back on some of these picks and see how they did- Sean