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: milesofstyles who wrote (31407)	7/31/1999 5:51:00 PM
From: Doug R	Read Replies (2) of 79230

Milesov, I was looking at FRTE and found that it's putting in the top of a MIM here in relation to the 1/20/99 high. It also has an ACT from 6/3 to 6/9. T2 on 4/27 fits the H&S construction stuff. The price went over the IL intraday on 7/26. The technicals look like it wants another shot at the IL. If it closes over 15 3/4 and moves higher the next day...it's a short all the way back to about 6 5/8 or 6 3/4. I'd say a good break over the IL would lay out a nicely defined roadmap on how to make some serious money on it for months to come. IL violation...fall to the ACT...RR...small pullback after RR...triangulation into the major downtrend line...then MIMBO. Sounds like a plan. Doug R

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