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

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To: freelyhovering who wrote (21819)10/3/1998 4:03:00 PM
From: Doug R  Read Replies (1) of 79296
 
Myron,

I was just finishing up a detailed and (probably too) intricate discussion of how RNTK's MIMBO failed upon a really quick break above the IL and how the MIMBO was negated by a price drop below the MIM and the subsequent reciprocal retracement of the IL reaction from below the ACT offered a last chance to get out at a profit from the buy signal of the MIMBO and how since it had broken the IL there was no reason not to take the quick profit and go back to monitoring the stock and how that high this year is the current MIM (which would be nullified by any subsequent trade below 3/4) and the major downtrend line anchored to that is a bit above 3 here so any playing of RNTK should not be based on any MIMBO dynamics at this point BUT a power surge cut off my computer and I lost the whole thing so you'll have to settle for the abbreviated version.....
yes.

Doug R
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