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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (2415)8/21/1997 10:26:00 PM
From: James L. Fleckenstein   of 79273
 
"The buy signal would be a move above the line across the highs of the formation which looks to be 2 3/4."
The sacry thing is I think I can actually understand this. The only problem as I followed your text along with the graph is I see the highs of a "formation at 3 3/4-not 2 3/4. I am hoping yours was a typo, which would mean that I actually can follow along with comp0rehension. Otherwise all is lost.

As for my brother needing help with shorts, youare right in a way because I was wondering... Last week, just before Micron tanked, he suggested I buy a put on MU. Over the next 10 days the stock fell by 1/3 of its price. Wow, if we could do that on a regular basis! Would your system have predicted that fall or was my brother just using something else like FA?

Thanks!
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