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: ACAN who wrote (25155)	1/8/1999 2:35:00 AM
From: Doug R	Read Replies (1) of 79382

Allan, SCUR is actually still building the MIM. There has not been a pullback of sufficient duration to differentiate between the last two months' move and another separate "formation". Buying into the top of a MIM can lead to quite a long and possibly disastrous wait for the rest of the dynamic to unfold. I will be sure to explain the hazards of a "MIMBO trap" to you in Orlando. I have addressed it in each seminar but I probably need to make it more clear at future meetings. Verifying the entire formation on a monthly close chart will help in not jumping the gun on these things. Message 7091213 Doug R

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