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: Monty who wrote (36356)	7/28/2000 8:21:09 PM
From: hman	Read Replies (2) of 79429

Hi Monty, I also have been recently studying the 56er manual and have been working on the IL/ACT/RR (can someone tell me what RR stands for)for PWER. I show the first accelerating trendline from the bottoms made on 4/17 to 5/24. The second ACT from 5/24 to 7/24 (could also use 7/06). T2 is 4/06 and L2 is on 3/16 (although 3/01 is clearer to see on the chart). Today's value for the IL seems to be approximately 138.25 as you stated. I also see some support in the 120 - 114 area and then if that is ever broken at the 82 level. Because I never made it to the seminar, I am wondering what is supposed to happen next. Is this supposed to rebound up to some level. Can anyone give me some hints. Thanks in advance. David

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