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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Alski who wrote (26505)2/18/1999 2:33:00 AM
From: Doug R  Read Replies (1) of 79230
 
Al,

You got it. Excellent read. I'm not quite sure you know what your read tells you but I know what it tells me. >>gg<<
Now here's a really good one for you; EXBT. I realize this is stretching things for you BUT...I have to be more cruel than David just to keep up appearances.

I've suggested DeMark's, "The New Science of Technical Analysis" on occasion. I've found that his stuff on supply lines and demand lines is the strongest part of his work. Now I don't expect that you know exactly what I'm talking about but here it is;

Breakouts above a DeMark supply line very often lead to an advance equal to the distance from that line to the lowest extreme below that line. Basically this method pegs a regression line "on the fly" so to speak. EXBT's technicals indicate a high probability that a break over the DeMark supply line will occur. Using the targeting methods I conveyed to you in Orlando (I hope you remember), can you arrive at a target that EXBT should achieve in the next week or less? The target DeMark's method hits is the same as the target my method hits. They verify each other.
One hint...it is not very likely to be over 7 but should be at least twice a BLT.

Doug R
PS, I was informed today that at least one trading firm in NY actually thought my suggestion on Feb 2 to go with puts on DELL was "laughable". heheheheh
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