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


To: Alski who wrote (20072)8/1/1998 10:28:00 PM
From: Doug R  Read Replies (3) | Respond to of 79238
 
Alski,

I'll have a look at STLD shortly. But first I have a volumewatch list to post (I ran the 2 words together for search purposes). I've built up a list of 300 stocks so far and there seems to be quite a few bullish patterns among them. I'll post the bullish ones tonight and the bearish ones tomorrow. Remember, watch for an uptick on volume and the more often a stock appears on the list, the more likely it is to outperform. If it looks like I've left out any of the A stocks that anyone feels I should pick back up again, don't hesitate to suggest it.

ACRT.....ACYT.....AMLN.....AMSI.....ANIC
ANIK.....ANLG.....APCO.....APMC.....AQM
ASHW.....ATCI.....ATEA.....ATSI.....ATEA
ATSI.....BJCT.....BOSCF.....BSMT.....CAER***
CMNT.....CTHR.....DASTY.....FAXX.....FCSE
HDI.....MAIN.....MAJ.....MAPS.....MARG
MCRE.....MHO.....MICTF.....MJK.....MLG
MLM.....MM.....MMAN.....MNRTA.....MODA
MODT.....MOGN.....MRLL.....MRRW.....MSTG
MSTR.....MSX.....MTA.....MTE.....MTH.....MTI
MTIX.....MTLC.....MTMC.....MTY.....MU
MUSE.....MVCO.....MWDS.....MWHS.....MWI
MXIM.....MYSW.....PLXS.....SMOD.....TBCOA
TFCE.....TLK.....TRBD.....URGI.....VCR.

Also; MOFN has a stairstep formation that has gone post-transition and is currently completing an inverted head and shoulders. A break out from there would be really sweet.

MANU is approaching the price area that could elicit a signal.

Well, that's it for now. There's quite a few very interesting stocks in the M's.

Doug R



To: Alski who wrote (20072)8/1/1998 11:01:00 PM
From: Doug R  Read Replies (1) | Respond to of 79238
 
Alski,

STLD has a 3 dRSI IHS setup, some nice stochastics X-overs, SMI strength and a few other positive attributes. The problem is that the intermediate and long term stuff doesn't indicate anything sustainable. I'd place it in the "healthy technical bounce" file. There's a possibility that it could go 18 or a little more but a buy down in the 13's should be stalked. That would probably be an intraday occurance with a close back in the 14's.

Doug R