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: ivan solotaroff who wrote (37171)	9/28/2000 2:58:57 AM
From: Doug R	Read Replies (2) of 79313

Ivan, GW...and obnoxiousness...and obviousness... I believe I stated that GW was NOT an obvious MIMBO. Obvious is always best. When a chart sneaks in and goes MIMBO without the obvious setup, it is less reliable (MIMBOs are NOT 100% reliable in the first place) than those that ARE actually obvious. That GW has "poached" its way into an initially successful chart progression without being "obvious" in a MIMBO sense...there are still basic rules of entry/exit to apply. Try an uptrend line along the lower band of the 8 dBBs. If that line is broken BUT at the same time, the lower band of the 13 dBBs is not...buy it. If the 8 dBB uptrend is broken AND the lower band of the 13 dBB is also broken...short it within 2 days. Oh..and in the Phillyfund thing...I sold both RHAT and MTON for a loss because RHAT broke below 18 and MTON did not recover 13 1/18. And I went back into a DGX short. Doug R

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