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: John Mansfield who wrote (15945)	5/1/1998 8:41:00 AM
From: ChrisJP	Read Replies (2) of 79429

Hi John, I would be interested in a TA on RNTK too. However, I wonder just how much help it will be. TA cannot account for stock movement due speculation over their Texaco contract announcement, nor can it predict when Tokyo Mex & followers will buy and dump. I'm thinking of buying more today and hold it until next Friday am (when TMEX predicts the deal will be signed) -- win or lose. My guess is the stock will move up as people buy not wanting to miss the announcement. So by next Friday, it will be up whether there's an announcement or not. Then I will sell just in case TMEX decides to dump his position. If the stock is dumped back down below 1 3/4, I will probably buy those shares back. I did it during the last runup and made some money (for once). Just my thoughts, Chris

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