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: Doug R who wrote (21038)	9/7/1998 3:51:00 AM
From: Monty	Read Replies (1) of 79183

Doug, >>>Monty, got anything good yet?<<< Boy! I usually bombed pop quizes, but here goes nothing. This is about all I could come up with. OK!! Deep Breath......... PFSCF - IL just below 13 right now? And it's also reaching the apex of the handle of the cup or ascending triangle? If the break out fails and it drops down below 12 7/8 on the close, I'd be very tempted to short it? (I am very tempted to short it anyway but especially if this market turns for the worse.) The IL is difficult to pinpoint because the H1, H2, L1, L2 are not well defined. GMGC - Will reach the apex of pennant this week. If it just goes into a continuation through the apex the top line of the pennant is very steep and should help it drop quickly. (I remembered that tidbit from our round table discussion.) It does look like it tried to break out Friday but this stock is very weak. I have recently played this short with some success. Doug, all I can come up with right now are short sell candidates. Am I off base on these two? Thnx for any comments. Also if anyone has the web sight for the parity charting download I would appreciate the posting of it. I tried to look it up today with no success. (I may have the spelling wrong?) Burning oil tonight, Monty P.S. Also I wanted to says thanks to the regular 56ers for the words of encouragement and very warm reception!!!

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