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 (10560)	1/15/1998 9:07:00 AM
From: ivan solotaroff	Read Replies (2) of 79279

BJCT, OLGC Doug, Long IL/ACTs lost me yet another morning of work on my book. Net results are meager: two stocks on short- to immediate-term monitoring: OLGC, mentioned before, has two more resistance lines to clear, then it's clear sailing. I see now why you previously advised that it was more attractive below 5 (it never got there, but I understand why you saw the risk as unnecessarily high at that point). BJCT, also discussed before, has an amazingly clear and staunch line of resistance dating back to mid-'94, most recently reinforced at 1 13/16 on 10/24-27 by the Wicked Wolf of October. I can't find its exact coordinate today because my charting is limited by what I can get on the Net. Looks like 1/2 to 9/16. Ivan

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