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

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To: freelyhovering who wrote (22772)11/9/1998 9:37:00 PM
From: Magnatizer  Read Replies (1) of 79270
 
Myron

nice find. KTCC is a trader for now. It is looking to put in a MIM and in a few months or less could become a MIMBO. Looks like a turnaround TA magnetwise also. It is starting to break a series of downtrends.

Of note: (connect high to high on the following): 1.10.97 to 1.28.97, 11.17.97 to 1.16.98 and the final magnet downtrend at 7.8.97 to 11.17.97. It looks like it want to make a run at that final downtrend in the near term. A nice 35% or so return on a trade.

I would not hold this too long right now but, as I stated before, it has goobs of potential.

ht
david
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