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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (2440)8/21/1997 4:36:00 PM
From: Linda Kaplan   of 79434
 
Doug: Your short-term TA was mentioned in four notes in the Fonar threads around the same time. This is one of them: ******************************************************************** To: Acunna_matata (367 ) From: Doug R Jul 28 1997 10:35PM EST Reply #370 of 499 AM, Draw an uptrend line from the low on 5/22 along the low on 6/18. I believe THAT defines the current uptrend. You will note that the low on 7/24 also touches but does not close below this line. Now I will direct your attention to the high on 7/14 and the high on 7/21. A downtrend defined by that line has been broken. When a downtrend has been broken and the uptrend is still intact...Do you really need it spelled out for you? The last time FONR scored 52 in my system (the logic of which I don't expect you to understand) it made a move from ask to bid of 25% in 10 trading days. I'll take a dog that does that anytime. Doug R ******************************************************************** AM had said the stock had turned down and that he was planning to sell and buy back cheaper. You said it hadn't turned down and was likely to make a strong move up in 10 days. It has gone down since then, without ever going up. So, I was suggesting that it would be good to update your TA on the Fonar thread, since you posted it there, and especially since you've sold the stock since the time you said it was going up. Linda
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