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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Ceez who wrote (18191)6/6/1998 2:30:00 PM
From: Doug R  Read Replies (1) of 79459
 
Ceez,

MINI was a stubborn one alright. Almost as stubborn as CADE was during Sept/Oct '97. On Wed. 6/3 MINI opened below the ACT (gapping down at the open) and recovered to close above it. The next day, its low found support on the ACT. The trading strategy would call for an RR of 28.14% from the ACT value on Thu. resulting in a move of approx. 2 5/8 pts. to approx. 11 17/32.

Doug R
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