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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: ivan solotaroff who wrote (12570)2/22/1998 1:37:00 PM
From: Doug R  Read Replies (6) of 79263
 
Ivan,

BRKT is definitely a MIMBO. Nice find! The 89 day MA/MLR is nearly optimal but not yet crossed over. A MIM is always good for getting that MA/MLR in shape. I used to watch that one back in '96. I still wonder why I didn't buy it after the "scary looking" pullback just before it took off again. Kind of like ACRT looks now. Any way, I think BRKT will roll back down a little before beginning its next little acceleration. These initial periods of post MIMBO acceleration are usually seemingly slow in the making but before you know it they get parabolic so the bit of boredom withstood here should be well worth it on BRKT.

Doug R
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