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: James Anderson who wrote (7274)	11/7/1997 2:09:00 AM
From: Doug R	Read Replies (1) of 79313

James, Downside risk far outweighs upside potential on ALLY at this time. You may be able to eek out 1/4 point in the next day or two but other than that, it looks like dead money at best. The gap down on Thursday is what gives it the 1/4 point trade opportunity but also seals its intermediate-term fate. I like SEEQ and RLLY currently. After Annapolis there will be many more eyes focussed on the "56" technique and all those stocks out there so you should probably wait until the gestalt or zeitgeist or paradigm or whatever it is hits the fan in a week or so... Doug R

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