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: Jim H who wrote (15525)	4/26/1998 8:10:00 PM
From: Doug R	Read Replies (3) of 79260

Jim, Here's a repost of a PM for a question on MAIN I received, "I see no sell signals in the indicators. I suggest you get a look at the trendlines from the lows in 12/96, 4/97 and the most recent active one from 1/98. You may really be getting an opportunity to add to your position as low as 3 1/8 if the current trend breaks down. I'm sure you're aware that it is a stock that requires patience and accumulation. An aggressive way to handle it would be to sell some immediately if the current trend is broken and repurchase upon a successful test of the next trend down. I don't believe you will get the chance to do so though. The symmetrical triangle it's working through now comes to an apex in early June. That's where you may have to pay very close attention. I'll see if I can work up a stochastics parameter set longer than 233, 21, 34 for MAIN as I think it would be helpful." Doug R

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