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

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To: Doug R who wrote (19651)7/20/1998 4:22:00 PM
From: ivan solotaroff  Read Replies (3) of 79273
 
AINN -- EDIT

Doug,

Hadn't realized, but AINN's a former kitty (10/26/95); in fact this last month's spike in price came close (off by 10% or so) to mirroring the original gap down. If I'd realized, I would've made different travel arrangements with our friend in Alabama.<gg>
All this needs a relevancy check, of course, but it does provide an interesting way of looking at the chart.<maybe>
So does the 88dMA, which backtracks as a pretty decent indicator, particularly if you begin right around the upward move commencing last October. Being a non-holder, I'm hoping these two have a date within a week or two: A nice, big smooch at $9 or so--particularly if it pierces the line then comes back in a day or two, and I'm over it like a cheap suit.

Ivan
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