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: rebecca who wrote (28772)	4/25/1999 7:54:00 PM
From: Doug R	Read Replies (3) of 79206

Rebecca, IPIC is still dealing with the down trend line I mentioned. techstocks.com It looks like it's set up for another attempt. If it gets over it on good volume, you'd have to avoid hesitation getting in because it's liable to move pretty fast. That is, IF it breaks out. OREX has been mentioned here at least going as far back as late December. I posted that it was likely a MIM in the beginning upward stage. It's still doing that and is likely to break out to the next level up the MIM. It's a good short term trade here (could be a week or two...or it could be up to 3 months) as it climbs to the top of the MIM. It should be a very good one to use accelerating trendlines as stops to exit close to the top of this intermediate term peak (the MIM) it's working on here. Then it would get monitored monthly for signs that it may work its way into a MIMBO and signal an attempt to return to its old all-time high. Doug R

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