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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (15968)5/1/1998 3:45:00 PM
From: Doug R  Read Replies (4) of 79432
 
David,

CCSE would be a max of 7 1/2. Likely top at 6 3/4. Technicals will not be impressed with today's activity though.

CYRK certainly knew where the major downtrend line was. I'll run it this weekend also and we can compare scores. It's certainly a funky looking version of a MIMBO.

WS is not a MIM in the strictest sense. The chart goes back to '89 and from that perspective doesn't look so hot. A downtrend resistance line that gets to 5 soon will likely cause some problems.

Doug R
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