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: Dave H who wrote (11709)	2/1/1998 2:55:00 PM
From: Doug R	Read Replies (1) of 79450

Dave, Ivan, RXSD: what is the date you see for the first day of the ACT? I'm curious as to how you guys see an IL on this one. DMMC hasn't even come close to the IL and looks to be setting up a breakout from an ascending triangle. Ivan, what are you looking at as day one of the ACT on this one? On ADLAC, the IL is just too high. It's impossible for the stock to get that high. There is a legitimate ML though. Thats a longer term version of the IL you may recall from the seminar. The ML is at 22 7/8 now. The ML is not a line to use for targetting shorts. It's a line that suggests one should take some long-term profit though. Of course, that would also depend on one's tax situation too. It's a rare stock that finds the IL, don't give up the search though. Doug R

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