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

To: Gene S who wrote (30562)	6/29/1999 11:25:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79214

Gene, You have the IL originating in mid-September...right? Origination of left shoulder to head IL...right? That downtrend/ACT intersection occurring late July...right? If so, nice job. Milesov and myself had discussed AOL's break over the IL and it seemed like quite a drastic drop to the ACT. Neither of us went short for that reason. We thought AOL might have some immunity or something but it turned out that it doesn't...oh well. The problem is that AOL closed below the ACT 3 days before a weak bounce and is back under it again. Closing below the ACT like that tends to take a lot out of the bounce. It's hard to say if that intersection will come into play. I haven't looked into that particular chart activity. I think you just found yourself some homework or a master's thesis or something. >gg< (at least now we know AOL isn't the next MSFT) Doug R