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


To: mst2000 who wrote (29129)5/5/1999 1:34:00 PM
From: Doug R  Read Replies (3) | Respond to of 79178
 
MST,

ASTN's IL was at a value of 10 1/4 when it was crossed on Friday. The line trends upward very sharply and today has a value of 10 3/4 so it could be expected that any attempt ASTN makes to recover will find resistance there. The ACT value is currently around 5. Depending on how long it takes ASTN to return to the ACT, you can expect it to at least fall to 6 or lower.

Doug R