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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Instock who wrote (8406)11/26/1997 1:10:00 AM
From: John_W  Read Replies (1) of 79378
 
Scott,

INFU--even superman can't get past the IL for long. I'll rest easy knowing I am betting on a winner. I don't think anything other than a merger or buyout can break the IL (since by definition that is a whole new kettle of TA). If it slams down we can coin a new acronym. This would be an "ILFU" to all those who defy the sacred Impossible Line. But I don't think Peg can put that in the library.

Any guess about tomorrow's market? I expect some positions to be liquidated and bring down the market. Opportunity on VCR and RLLY to average down but not much $$ left.

John W.

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