The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (29305)	5/9/1999 2:21:00 AM
From: Doug R	of 79419

I took care of the 89, 3, 5 dropouts on the MIMBOfolio. Wouldn't it just figure...WARP(F) is the only one that gets the boot. Fortunately it just gave a graceful exit opportunity. It makes sense that after reaching 89, 3, 5 oversold, a technical bounce would bring the price back to an acceptable exit level. That makes 3 dropouts in the last 5 months. BJCT, SPYG and WARP. SPYG nearly tripled before breaking over the IL so it was actually quite a successful failure and still has a nice long term chart. WARP allowed for a break even exit. BJCT was trouble. It went PGDCEB and has yet to signal. The short term chart is getting interesting though. 3 target hits for excellent % gains and 3 droputs that, together resulted in an overall gain so far. There's not much to dislike about the MIMBO formation when an intermediate term time horizon and proper monitoring are adhered to. Doug R

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