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

To: SAF who wrote (19877)	7/26/1998 10:02:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79284

SAF, I don't believe it. Both WCOM and MCIC are on the verge of completing the 3 dRSI trick. Tuesday would be the earliest that they could do so but depending on Monday's close they could be in position for anticipatory entry. If Monday is a down day, it will be all set. WCOM has hinges in a lot of indicators so a down Monday is not out of the question. I'd give WCOM one week to 63-65 if it completes the trick and one month to 70-73. Since MCIC looks exactly the same, I'd say these two are being treated as the same co. already and they'll both put in similar % moves in the same time period. If Monday is a down day, either buy late Mon. to get in early or get in on the first up day after. If Monday is an up day, the hitch will have taken 3 days to form and that would reduce the trick's reliability. It would also be a possible indication that the two would trade flat for the rest of the week. Doug R