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

To: Doug R who wrote (22134)	10/17/1998 5:39:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79270

AKLM also has a 3 dRSI popping through 81.4 with all other comkey elements present. What a coincidence. I'll have to check to see if the major avgs. have enough momentum to support the potential that these stocks have. Doug R

To: Doug R who wrote (22134)	10/18/1998 6:53:00 AM
From: MechanicalMethod	Respond to of 79270

Doug, I think you're right about ADP. Risk is only to 6 while reward looks unlimited. We're starting the 3rd inside bar on the weekly chart. A b/o of 8.25 would signal a test of 10.25, be nice to catch it just before it goes. Have to watch it as it approaches 8.25 and second guess if it's got the strength. After 10.25, it could V straight for 23! haha, is that possible? It looks like a clear shot from 10.25 with 2 minuscule wedges of inconsequential status in between. If it breaks support I've an untested guess of the next level down. The down thrust tagged onto the 9/1/98 L of 8.37 went to 6.25 for a net extra of 2.12. A 25% extension. Earlier downlegs in the V from 23 were bigger so we rally because the downtrend lost velocity. Support is 6. If that blows out, a further compression of the 25% maybe a 12% downleg since they've been coming in smaller proportions and overdue for entropy. Weekly chart interesting. 7 downbars of decreasing size, now they've stalled big time and are congesting. 9.75 target as it bounces between 6.25 and 10.25? I wanna learn! :)) Buy at 7, stop at 5.96, sell half at 8, other half at 9.75. Risk 1.04. Reward 1 on 1st 1/2, 2.75 2nd half. Probably gap and won't get 7, but could try for sweeter entry at 6.50 too! Osci