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


To: bdog who wrote (28927)4/30/1999 2:24:00 AM
From: Doug R  Respond to of 79193
 
Bdog,

ASL:

There's credible down trend resistance at 9 1/2. The move on volume tends to indicate that resistance will be seriously challenged with the initial surge taking the price over 9 1/2. HOWEVER...once it gets over 9 1/2, use that price as a serious stop. If you get stopped out there, you still make a profit AND the trend line that makes 9 1/2 significant will still be active. A break back above that line later will be an initial signal to begin stalking it again.

Doug R