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

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To: Doug R who wrote (14502)4/11/1998 2:59:00 PM
From: ivan solotaroff  Read Replies (1) of 79468
 
ACRT, ETC.

Doug,

Been an amused lurker of your travails with this one; now I think the time is right, however. Monday, Tuesday, Wednesday, latest. Good luck.
I'd be in with you if I weren't
a) so mesmerized by my little MMGC. Am convinced it's at a bottom. Don't know if it'll go any higher before it finds yet another bottom, but I'm in it to win it. I like the looks of the chart a whole lot, and the technicals are beginning to maybe get around to it, too.

tscn.com

I plugged in your 3,3 on the Wilders and came up with an interesting result, too.

Too possibilities for your volume watch:
ACTM is one good volume day from being a classic post-signal short, though in general I prefer that stock long. It might be another BRKT, with all the damage done, and just a good company.
VVUS is one good volume day from giving a mother-of-all signals type day, but again, I'd prefer it short, as it's now up against a product (viagra) said to be potentially the most profitable drug in history. (Guess they never patented penicyllin.) It tried to rally on Thursday, then closed very close to the low.

Happy Eastover. That's where Jesus ascends over the Jews in Egypt. Takes an F15 nowadays.

Ivan
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