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

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To: Doug R who wrote (20546)8/13/1998 3:08:00 PM
From: Eric Maggard  Read Replies (1) of 79270
 
I don't want to hex myself, but NM is almost on the verge of a BO. The b/a is 4 15/16 x 5 with the sizes 198 x 801. In the short time that I have been watching sizes, I have not seen one that big. That is 80100 shares sitting on the ask. Lots of overhead. I am in at 4 5/8 and thinking of selling if it can't get through that. Once it does, it would have to get through 5.25 and then it is on to 7 I think. I looked at the chart last night and I thought I saw a MIMBO with the yesterday high. It retested today and should continue. What do you think? TIA

Eric

Update: sizes 148 x 751
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