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


To: Matt G. who wrote (21406)9/17/1998 12:11:00 PM
From: Mr. E2u  Read Replies (3) | Respond to of 79436
 
Does anyone know of a site (preferably free) where I can scan stocks by various TA indicators? I'd like to be able to find stocks on the verge of breaking out........in particular finding divergences in the MACD.

Thanks
Brad



To: Matt G. who wrote (21406)9/17/1998 12:20:00 PM
From: Magnatizer  Respond to of 79436
 
Matt

S&P and Naz signaled Monday, Dow signaled yesterday. I expect a base/decline as the indexes reset the technicals and ready themselves for whatever is next. Now there are established downtrends on all three to give the definition of a breakout to the upside. I will be watching them closely.

I think going into 3rd quarter earnings season we will be range bound. bottom in the upper 7500s top in the 79-8000 range. Earnings this quarter are crucial.

6/29/98 to 9/15/98 connect the highs. this is the downtrend I am watching on the Dow.

I guess if I were to talk technical formations I would say we are entering a short term descending triangle.

Looks like the surge near close yesterday was manufactured and I should have pulled the trigger on the SPY short. Darn manipulators.

ht
david