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

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To: ivan solotaroff who wrote (33125)12/21/1999 3:30:00 PM
From: Doug R  Read Replies (1) of 79201
 
Ivan,

LH:

That's a nicely formed rounded bottom on it. The recent top is a MIM only and now the waiting begins. The BO appears to be academic but could take a while to come along. Then of course there's the retest and the volume supported move off the MDTL that is required as well.
I've been seeing quite a few MIMs setting up over the last couple months. That leads me to think that the end of April and beginning of May will start a new crop of MIMBOs. That usually means the market will also be puttin' on another show at that time.

Doug R
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