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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE
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To: Dave H who wrote (728)12/23/1997 1:56:00 PM
From: ivan solotaroff  Read Replies (3) of 2377
 
ROMT

Dave,

What kind of lines are you drawing for ROMT? Until proven insane (a recurrent theme for me these days), I'm using 12/11 (12/12?) and 12/15 (with bottoms of 1 15/16 and 2 1/32 respectively) for the last accelerated trendline that hasn't yet been violated, and am drawing two different ILs (only one of which, obviously, is correct). The one I suspect is correct creates an almost perfectly symmetrical channel that leads very quickly (1/16) to my short-term target of 4.
On the risk/downside, as per what you said yesterday, support at 2 11/16 will not be easy to break.
These and other fantasies brought to you by,

Ivan

PS:
Sold RECY to buy ROMT, and have lost track: Did it violate the AT again today?
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