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


To: Ceez who wrote (24470)12/20/1998 11:02:00 PM
From: Doug R  Read Replies (1) | Respond to of 79273
 
Ceez,

As a MIMBO, SPYG broke above the IL and retraced approximately to the ACT while the 89, 3, 5 stochastics jumped briefly over 80 and retraced to >20. As far as the longer term mechanics of these two critters are entwined, everything is shaping up nicely for SPYG. It would be best to maintain that perspective on it but if you must go to the short term...ok. >>gg<<
As far as the oversold in relation to BB stuff is concerned, it may have a little room to dip just a bit more before it bounces. I wouldn't jump all over it just yet. It does need a close eye kept on it though. I'll be watching the 89, 3, 5.

BTW, CPLY scores 52 (51 by Milesov's reckoning) so it's got attitude.

Doug R