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: Ceez who wrote (19357)	7/14/1998 4:08:00 AM
From: Doug R	Read Replies (1) of 79273

Ceez, I'm relieved (so far) that you hesitated on GTNR. My honest opinion of its potential arose out of the experience I had in the early stages of IFCI, RECY, and CADE. The GTNR chart and technicals all conformed to the same phase of hyperaccumulation that each of those had experienced prior to the immediate term, large % jump that each of them experienced at the same price level. I'm still in GTNR and have come to the conclusion that this is not a situation where "panic selling" would be in my best interest. I will be closely monitoring the situation and will post my thoughts and analysis. So far I am treating the situation as a shakeout. I've weathered enough shakeouts to know one when I see one and I am currently in "weather the shakeout" mode. The overall intermediate term strength of GTNR's chart gives me enough confidence that there is no immediate reason to panic. Doug R

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