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: ivan solotaroff who wrote (16961)	5/14/1998 4:22:00 PM
From: Doug R	Read Replies (2) of 79284

Ivan, I'm going to sell at or around 5 7/8. It could go higher but that's ok with me. The horizontalness of the 4 3/4 bottoms is secondary to the fact that 4 3/4 defines the bottom of the left and right shoulders of an IHS. The low at 4 11/16 between there is the head. The neckline is of the descending variety (my favorite kind) so it should be broken considering the accumulation shown by the short RSIs and the short stochastics. Of course, it's really close to the bottom so my mental stop is very tight. Doug R

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