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: eabDad who wrote (23507)	11/26/1998 11:02:00 PM
From: Doug R	Read Replies (1) of 79269

Z, INFR has now set up the chart dynamics that give it an IL. The high on Wed. stopped right on it. I imagine that a last burst through it tomorrow will be the short term top and a "dip" to within 1/4 point of 5 (one way or the other) will ensue. If the high coming up gets to 7 21/32 or more, a whole new ballgame (MIMBO stuff) will begin for INFR. Be careful with it tomorrow since an incursion above the IL will be a signal to the thread to start shorting it back to around 5. The whole thing works out rather nicely. A textbook case of a run to a MIM stopped by the IL for a pullback to the ACT setting up the major downtrend line which will await a breakout and retest in advance of a ride back to the all time high (and you are now thinking..."say what??") Good trade. Good luck, Doug R

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