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: Doug R who wrote (9297)	12/15/1997 3:33:00 PM
From: ivan solotaroff	Read Replies (2) of 79382

AET Doug, Let me restate: AET looks like a MIM to me. I was unsure of it mostly because in toto it's a four-month pattern: The ones in the seminar book were longer. It has established a higher high and a lower low than the previous (volume is weak but greater) bounce. (In the 25 minutes after going back from your taskmasterish post <gg>and checking, it has picked up speed and price VERY quickly: 80K shares in the last 15 minutes, with a gain of an extra point (it had already been up 7/8ths on the day). I imagine this does not constitute a breakout on retest, but I do see (a) a definite uptrend and (b) a clear channel created by the highs and lows of the two bounces. A downtrend line created by the all-time high and the four-month intra-collapse high suggests to me that a true breakout could occur about 4 points higher than it is right now. I strongly suspect that I don't know what I'm talking about but I have no shame. Ivan

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