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: joe inti who wrote (14825)	4/18/1998 3:05:00 AM
From: Doug R	Read Replies (1) of 79281

Joe, OMGA has a 6 month chart. Most MIMBOs take years to come to that one day where you can say, "AHA!!!". Come to think of it, so do most turnarounds. That's why my long term watch list is long term. A MIMBO identifies the point at which a stock has a dynamic that leads to continuing price acceleration that within 3 to 9 months goes parabolic. That kind of dynamic cannot be construed from a 6 month chart. Patience. There are, however, scads of technical doodads and whatnot that can be applied to charts of 5 to 18 months. The technicals have to be absolutely screaming if I am to like such a stock though. I try to stay within my methods (although sometimes I get carried away) so very short charts are, as far as I'm concerned, better left to either those who are really in the know, or are of a more speculative disposition. OMGA looks low. That's a start. Where high is, is a tougher matter due to the chart. I'll see if I can get to it for at least an educated guess on Sun. Doug R

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