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


To: Leroy who wrote (20475)8/12/1998 1:44:00 AM
From: Doug R  Read Replies (1) | Respond to of 79269
 
Leroy,

As a system, a mewler becomes a sell when the 8, 3, 5 stochastics verify a BB sell signal or the stop loss rule is triggered.. This removes targeting from the equation so I would rather not get caught up in that aspect. However, since you asked, resistance is likely to be seen at 7 1/4.

Doug R



To: Leroy who wrote (20475)8/12/1998 8:23:00 AM
From: ivan solotaroff  Respond to of 79269
 
VVUS

Leroy,

It all depends on how it opens. If it stays pretty much as it closed, I don't see any reason why not.
The market might open high today though:
cme.com
Nothing like a port in a storm to bring out the fishermen,
or some such metaphor.
Good luck Leroy. After all, you are, quite literally, The King

Ivan