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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 (23179)11/19/1998 1:04:00 AM
From: Doug R  Respond to of 79308
 
Alski,

I like the close on ACTC. It should continue tomorrow. I may have jumped the gun getting out but from where I was sitting, AKLM looked much better at 7/8 than ACTC did at 19/32 at the time.

While watching AKLM for the last week I've seen a bunch of blocks at the ask and only a few at the bid. Most selling is 1K or less so shares at this price level are going to get very scarce. We may get a day of light trading first or it may just go tomorrow. The 2, 1, 2 stoch breakout on Tues. was followed by a 3, 1, 2 stoch breakout today. The 3 dRSI also has a pattern breakout today (IHS). Volume was terrific. It's been very educational watching it so closely as it has developed most of the requirements of a comkey hit. Nice to see how one gets built. Initial target range of 12 to 13 with resistance along the way at about 10 1/2.

Doug R