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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (30349)	6/19/1999 3:13:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79449

Alski, Blake TRID: "Or maybe we like 11/17/98 for a MIM, 1/7/99 for a BO, 1/12/99 for the retest and here we are at the PEGBO already?" Actually, that line has some interference from a couple days during: <i?"I think I'm seeing an earlier MIMBO that melted down when it got to the PEG line in early '97 too." It had initial volume support and everything. Proper trend line stops would have definitely come into play on it. Now that it's cleared that interference the effects of the supply/demand dynamic that still had potential to muddle with solid progress is much less of a risk. Here's some very interesting lines on it thus far: The high on 5/19 is actually Pegline A. The high on 6/8 is Pegline B. There's some good trend accelerations in place. The latest being anchored on 4/20. It has an IL-like line with a T2 on 3/29...and uh oh...I think I just discovered a possible IL/HS relationship. Cool. Anyway, It's got the juice to break over the IL-like line and that gives you about a week or mayyyyyybe two to speculate long on it. Once it peaks...sell and go short. It's gonna spike and drop BUT remain within the confines of the MIMBO. This one is great right here because it offers 3 directional opportunities, each with significant profit potential over a short period of time. First, the break over the IL, then the downside reaction, the the RR. Excellent stock...Way to go Blake.... and Alski....see what you get for paying attention?? An advanced course in voodoo...heheheh. Doug R