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: Maestro who wrote (22847)	11/11/1998 2:55:00 AM
From: Lawrence Burg	Read Replies (1) of 79284

Yes, to your shorting idea following the momos. I've had some success doing so. It's best if you can identify where the money's coming from. But why I'm here. I brushed w/this thread/group about a year ago on SEEK, RECY, BOSCF, etc. Mixed results, moved on, exploring ever more along the way. I've noticed some recent discussion on some low priced stocks, but none so low as this... CNKT. Beaten to Hell the last few months. Pennants a while back were the result of significant (8% of OS) insider selling into news induced rallies. At 9/16, TA holds a tenuous meaning, but nonetheless, what I've been seeing is a big breakout. I'd appreciate any input for reasons which might show recent TA moves to be not followed by positive price moves...i.e., does TA look like a false indication?

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