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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 (23415)11/24/1998 5:40:00 AM
From: Maryann M  Read Replies (1) | Respond to of 79378
 
Doug R - Thanks for all your analysis. New kids like me rely on the TA expertise of traders like you to stay unemotional, and learn, learn, learn. One learning: This game takes nerve! M
__________

I get DJIA up 140 tomorrow with Wed up over 80 intraday with a close up about 25.
Brief pullback in early Dec. that some people will take as "scary" Followed by a hard run at 10K by late Dec/early Jan.

The current foray of the 89, 3 5 stochastics on the DJIA over a value of 80 should be followed by an accumulation reversal characterized by a trough above a value of 20. Upon the stochastics' return above 80, a major rally will ensue.
IF, however, the 89, 3, 5 drops below 20, we're in for a sideways market lasting up to 3 months. Either way, there should be excellent opportunity for short term trading. Of course the more bullish scenario would call for establishing some longer term positions.

IMTO,
Doug R



To: Doug R who wrote (23415)11/24/1998 6:13:00 AM
From: unregmarket  Read Replies (1) | Respond to of 79378
 
Doug - No thoughts posted since Sunday from the thread re: INTAF which was a comkey hit over the weekend. Seems the world found out that the Nightly Business Report ran a great feature Friday about Intasys (which is INTAF), but posted its symbol as INTF, which is "Interface". INTF ran on the news from 3 to nearly 5 on Monday prior to the error getting noticed. INTAF only had time to rally in the last hour of the day Monday, and more should be coming today for INTAF.

Rick M.



To: Doug R who wrote (23415)11/24/1998 10:06:00 AM
From: Magnatizer  Read Replies (1) | Respond to of 79378
 
Man, nasty shake on AKLM. Looks like MMs wanted some shares.

ht
david