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Strategies & Market Trends : Attitude Alphabet Project -- Ignore unavailable to you. Want to Upgrade?

To: Warthog who wrote (126)6/13/1999 6:22:00 PM
From: Doug R  Respond to of 670
 
Thanks Wart,

As far as the WEN trick, I plugged in some numbers and found that a flat close tomorrow would step sideways "over" the signal line. (I didn't even have to plug anything in to find that. I should have first noticed that the signal line isn't a day's width away from the current position of the indicator. Oh well, only a little time wasted .>g<) With that being the case, I would expect WEN to have a down day and let the signal line stretch out from the indicator some more. The thing about the trick is, eventually the signal line has to be broken. It's just a matter of when.
Nice job with the WIDE trick...if you got in.

Doug R



To: Warthog who wrote (126)6/13/1999 8:32:00 PM
From: Doug R  Respond to of 670
 
Wart,

A note on WMS. From 3/30 to 5/13 price underwent a relatively quick doubling. The base from there was relatively "tight". It's got the overall appearance of a high tight flag which puts the potential gain at 100%. Obviously that isn't a one week projection but it should be considered in the targeting process. Nice addition to the project portfolio.

Doug R


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