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: ivan solotaroff who wrote (10076)	1/5/1998 2:54:00 PM
From: Doug R	Read Replies (4) of 79183

Ivan, Bingo! I get a parallel IL/ACT (or is that ATL?). That's a good indication of validity for the pair. ABTX is up there in the thin air alright. Looking for drop to approx. 13 1/2. Current IL value is 16 7/8. Since the price started to drop below it last week but gapped back up over it today, the struggle with the IL is a real knock-down drag-out affair right now. Exuberance is definitely irrational here and there's not yet a clear sign that the thorazine has kicked in. A good TA tonight should tell me more. There was alot of 56er buying of this one going back many months, before the POW days. Now if only Joanie and others aren't too attached to it they can hop off and short it then cover and jump back in and really get a good start to '98. Doug R

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