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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Dave H who wrote (10584)1/15/1998 12:20:00 PM
From: Doug R  Read Replies (2) of 79284
 
Dave,

I was wondering if you've been able to give your IL/ACT skills some practice by applying the technique to GTAX. I find that the IL is in place but the ACT is not yet completely defined (the second point in its construction is not confirmed). Considering that the dynamic is most reliable when the two are parallel, I find that the ACT is just about ready to set in. Given that possibility, the stratospheric run to the IL lies ahead. Give it a shot and let me know what you think.

Also, remember that a close ON the ACT for RADAF would not be a very positive event. At this point, extreme accuracy is required when constructing it.

Doug R
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