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


To: curtis christopher who wrote (28661)4/20/1999 8:20:00 PM
From: Magnatizer  Respond to of 79193
 
Thread

milesov +25s for Wednesday

techstocks.com

BSE ,30dayvol 124213, 5dayvol 89380, strength 70, BEC ENERGY COM
CGNX ,30dayvol 165123, 5dayvol 139420, strength 85, COGNEX CORP COM
FAST ,30dayvol 272117, 5dayvol 488240, strength 67, FASTENAL CO COM
IMNX ,30dayvol 925217, 5dayvol 846360, strength 96, IMMUNEX CORP NEW COM
MGG ,30dayvol 140820, 5dayvol 158400, strength 85, MGM GRAND INC COM
OCLR ,30dayvol 163130, 5dayvol 120860, strength 72, OCULAR SCIENCES INC COM
TQNT ,30dayvol 143070, 5dayvol 146700, strength 81, TRIQUINT SEMICONDUCTOR INC COM

ht
david



To: curtis christopher who wrote (28661)4/21/1999 2:08:00 AM
From: Doug R  Read Replies (1) | Respond to of 79193
 
CD,

IATV's chart fits very well into the same mold as the APCO's and others that spike and seriously recede. (http://www.iqc.com/chart/multichart.asp?w=600&period=120&time=week&chart=candle&chart1=bb&i0=1&i1=2&i2=3&i3=8&s=linear&symbols=apco) That is a weekly chart of APCO. The monthly chart is even more dramatic. Over the truly long term, APCO is just fine. But after it hit that top in early '98 there was little reason to think it would get its momentum right back.
For IATV, playtime is over for now. IATV played out over a shorter time frame than APCO but the dynamic is still the same. It's very rare for such a chart to return to its former vim and vigor right away. I'd suggest a stop at that double bottom and I expect it will get taken out. Any upside potential is minor from here. If you get a couple points...take it. You'll see exactly what I mean in Philly.

Doug R