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: Dave H who wrote (9398)	12/18/1997 3:38:00 AM
From: Doug R	Read Replies (1) of 79383

Dave, ENR is a good one. I love how the volume and the trading range for seven days before the breakout are so tiny. Insiders got in and nobody else knew what was coming. Tres cool, huh? Right now though it looks like it's taking off from an accelerated uptrend springboard and will do the IL dance soon. Riskwise it may be best to wait for IL violation and short it, cover and go long on the return to the ATL. Let me know what you come up with for the value of the IL for Fri. (yes, this is a test >>gg<<) Doug R PS; as a hint, the IL was at 9 on 12/11 and the ATL is now at 6.5. Maybe it's not such a bad idea to chase it long right here. At the rate that the ATL is moving up, it will correct back to about where it is now if it takes a week to blow off then correct.

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