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: Charly who wrote (22494)	11/3/1998 4:11:00 AM
From: Doug R	Read Replies (3) of 79230

Charly, So nice to hear from you again. I'm still firmly in place in GTNR. I am just getting back in tune after giving a TA seminar in San Antonio so I can only give you one that I found several weeks ago that fits my favorite criteria. SPYG. It has a bit larger market cap than what I know you're looking for but the technicals are in the position necessary for the co. to start releasing new and positive fundamental info while allowing for an appropriate amount of time to do some research and accumulate if you feel it is warranted. We're certainly at the more challenging level of the game in the overall market. I expect when the short term surface turbulance is resolved, the deeper, long term current will provide the proper direction to the upside. Are you familiar with the chart formation known as the symmetrical triangle? It appears the outline of a large ST in the overall market is in place and resolution has nowhere to go but up. The big (long term) picture would say that timing a break out to the upside is less critical while proper accumulation is the key over the next 5 to 8 mos. Doug R

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