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: majormember who wrote (13352)	3/15/1998 12:19:00 PM
From: Doug R	Read Replies (1) of 79470

Skane, An aggressive call of a breakout on SNRS would say it already occurred on 2/24. There were several days of retesting and the volume is on the rise. It looks like the best timed entry would have been on 3/11 as the price moved back over its major downtrend line with all that volume. A case could be made for this breakout giving it enough momentum to break above 5 1/8. A conservative approach would say wait for 5 1/8 to be taken out. The obvious prospects for volatility would also say that a retest of a break over 5 1/8 could get pretty severe. I'd probably wait for the retest and not jump on the initial breakout and take conservative to its logical conclusion. Upon missing the aggressive buy opportunity, there's no sense going any other way than this strategy. Doug R

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