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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: milesofstyles who wrote (16656)5/9/1998 2:16:00 AM
From: Doug R  Read Replies (2) of 79325
 
Milesovscorezov,

Thanks for that list. I'll work on some now. VCR and CADE are from the POW days from Sept. to Nov. last year. They both had attitude then so it's great to see them on your list Although I didn't mention any score for some of the recent stocks, AILP, AKRN and FAXX scored over 50 when I ran them about 5 weeks ago. I had mentioned that IFCI scored over 50 but somehow when an attitude stock pulls back for a short time, for some reason <<gg>> it gets "forgotten" by most people. I need to run MTON for a score as well since it's one from last year that scored over 50. The thing to remember about stocks with an attitude is that they are not quick trading situations. They are stocks to develop a plan of accumulation for and hold unless the profile breaks down. When SEEQ lost its attitude, I posted its downgrade when I saw that it was kicked out of the system on both of the first 2 blender speeds. That was after it nearly doubled and started a long agonizing slide. Once a stock has an attitude it can usually withstand some minor degradation over a few of the blender speeds but when the first two kick it out, it's not a good idea to hang on to it. By the time that happens though, the price is down a fair bit already. It is for that reason I hate to chase a stock. For VCR, I would say that one should make a decision on it as early as possible and avoid chasing it over 4 1/2 unless it builds a nice solid base in that area and breaks out from there on volume. Also on VCR, since the breakout is related to both the major downtrend involved with the MIMBO and a longstanding horizontal line at 4, it is entirely possible that a retest of the horizontal break may occur. The MIMBO has already been retested so I wouldn't expect a retest of the major DT line which is under 4. Well I guess I've procrastinated long enough. Time to get to your list.

thanks again for it,
Doug R

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