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: Ceez who wrote (15516)	4/26/1998 5:46:00 PM
From: Doug R	Read Replies (2) of 79273

Ceez!!!! Geez!!! I'm glad David reminded me too!! David's glad David reminded me!! (PCMS was on the top of my list for Mon. <<gg>>). CLYS is a classic case! First of all CLYS performed a MIMBO in the first week of March '98 then went completely radical. On the whole, the MIMBO is a bit sloppy due to the major downtrend crossing through some price bars back in May '96 but that can be overlooked. The major downtrend actually intersects the IL almost exactly at T2...beautiful. Anyway, enough about that. The high on 4/15 found the IL as resistance with the "fatal" break above the IL this last Thu. Friday's low found support on the IL so that part is probably over with. Yup, we got one. Unbelievably, the ACT is at 5 5/8 on Mon. and moving up very, very slowly. Even on the most conservative level, I believe CLYS has to come back under 10 and has 2 weeks to do that. I like the minimum "top to ACT drop" of at least 30%. This one's a beaut. Doug R

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