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: David Alan Cook who wrote (16103)	5/4/1998 10:00:00 AM
From: Doug R	Read Replies (10) of 79378

Just moved back into ELGT. I was in it before the sell signal hit on the Dow and S&P but as I noted earlier, it looks reasonably safe for this week . I like ELGT because of the speed at which it should move giving me time to hit the window of safety. The TA is just got too darn good to pass up. I now have a fast term target of 4 1/4 on it. When it starts moving, try not to miss it under 3 3/16. It has a 3 to 5 week target of 6. The chart is a HTF with obvious accumulation throughout the flag. The Killer Momentum Breakout Scan likes it. There's news written all over the TA. Any volume today will kick off a good run. I think ELGT is going to be alot of fun. Doug R

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