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 (31513)	8/7/1999 7:39:00 PM
From: Danfan	Read Replies (1) of 79230

Doug: Consider EGRP as an IL case for a moment. ACT determined from 12/16,12/17,12/18 lows. IL determined from low of 10/8 and high of 11/10 (T2). Immediate violation of IL just after January '99, using IL as support from January through March. After returning under IL on 6/14, it uses IL as resistance, (with a brief trip over on 6/22), until 7/9 until which time it drops perfectly onto the ACT on 8/6. Stretching things a bit? Probably so. But if not....what to look for next? Thankx.

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