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: Thean who wrote (10351)	1/9/1998 6:00:00 PM
From: Ocote	Read Replies (1) of 79490

Thean, You're asking a rookie, but I'll give you my .02. Look at a few posts ago and you'll see how wrong I was about the direction of the Dow. NBTY has a 4 year long cup and handle pattern which it failed to break out of in August when it reached 35. Since then it dropped back. and continued on the handle until recently when it has been surging, and broke through the all time high(or atleast as far back as I can get). It closed above the previous high, doing so on a day which very few stocks went up. It was upgraded today to a strong buy. I personally expect this to be a valid breakout and for a retest of 35 to occur. Of course, I could be wrong again :-( . I am not in yet, would want to see a valid retest of the breakout. Best wishes to you. Ocote BTW, MHO and AAPL also closed up today.

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