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: Doug R who wrote (25385)	1/15/1999 6:08:00 PM
From: Alski	Read Replies (1) of 79309

Doug, OK, the long term trend for AKLM is still in intact, but how bad is the technical damage for the near/mid term? I was hoping against hope (didn't see any TA to support) that AKLM might jump back over one of the OCT/DEC support uptrends at 10 1/2 or 11 today. Sympathy with a strong market would have been the only excuse. That would have made the chart a lot easier for me to read but, as usual, unsupported hope results in failure. So what's next? If the long term chart is telegraphing a return to that long term support uptrend clear down at 6ish, then perhaps a short would be in order? With AKLM's funnies I'd rather play it long but I'm having a dickens of a time spotting any unviolated springboards for it to bounce off of above 8. Seems like AKLM might need both some voodoo and some hatred. TIA...Alski PS. Speaking of strong markets, a small cap tech mutual fund I own as a closet holding went up 5% today. I wonder if I might not "own" a wee bit of MKTW ;-)

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