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: Nichols who wrote (32505)	11/5/1999 12:33:00 PM
From: Doug R	Read Replies (2) of 79227

First of all, I did NOT "guarantee" 100. I stated that the QCOM chart had fallen into a model that projected 100. There's a big distinction. I also stated that the model was not infallible. Just as NO model is...sheesh. I further stated that MSFT was a stock that had beaten the model. How many times do I have to spell this out letter by letter to people that have a hard time with a simple concept? I'm up a far greater percent on stocks that HAVE conformed completely to the model's projections than I would be if I had been long QCOM from 40. My QCOM short was entered at 165 and covered when it broke the downtrend at 143. A completely normal and appropriate trade. Doug R

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