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

To: ivan solotaroff who wrote (30970)	7/13/1999 2:04:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79260

Thanks Ivan, Hmmmm...sector MIMBOs. Great idea. Also...since I've been asked a couple times what the deal is with T: The current base on T has gone as long as the previous base did when that one found its bottom. Very often you'll see that bases during long-term uptrends do the same things over the same time periods...like finding a bottom or breaking out. The current base is a cup with handle formation. The SMI is above the bullish threshold. The 89 d MA/MLR has been very tightly tracking for 9 weeks now. The BB stuff is supportive. The 233 dCCI has a solid uptrend and is set to accelerate over 100 (T likes the 233 dCCI over 100) The MACD is breaking out of a downtrend. The other MA stuff is positive. The Price/volume indicators are all starting an upswing (PVI, OBV, A/D, MFI). Long term RSI stuff is positive. Short term shows no problems. The 233, 21, 34 stochs are crossing up and ready to move back over 80. You can even use the 377, 54, 89 stochs on it. That one really gets fun when it crosses 80. Watch the 89, 3, 5 for another, higher xover to get the ball rolling. In general, it's got a lot of strength built in and is about to release some of it. Doug R

To: ivan solotaroff who wrote (30970)	7/17/1999 10:01:00 PM
From: Doug R	Respond to of 79260

Ivan, Speaking of MIMBOs (ok...so it's a lousy segue), DEBS has reached the target and will be removed from the MIMBOfolio. Its old alltime high was 21 7/8. This week it hit 21 13/16. Close enough for me. Last MIMBO to hit the target was LASE. It never made the folio...it hit the target too fast. Along with MACE, FRNT and a few others, there are now 6 MIMBOs to reach the target and 4 that dropped out due to 89, 3, 5 failure. Doug R