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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Monty who wrote (33132)12/21/1999 3:55:00 PM
From: Doug R  Read Replies (2) of 79237
 
Monty and Bazan,

MLIN, being a MIMBO, has an intermediate term target (6 months or less) of just over 20. It's moving up to set the first anchor for a Pegline. That first Pegline is usually the toughest to break over and also the last best place to get in when a breakout occurs.
When it's done setting this anchor, a pullback followed by an attempt to break the Pegline should be watched for to add or enter or re-enter.

Looks like no hurry to go after SDRC Monty. Give it a chance to put in a decent trend acceleration.

Doug R
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