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

To: Warthog who wrote (31100)	7/20/1999 2:40:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79497

Wart, Thanks for the HA portfolio. It's a short term position trade with a time frame, after the initial 4 day pattern, of one day to 6 days. Extremely occasionally you'll see the pattern track out over more than 4 days as the close remains within the prescribed limit above the close 3 days ago. Once it breaks out of the pattern to the upside, a good rule of thumb target would be 1/2 (higher volume breakouts can be given a higher target) of the % gained from the close on day 0 to the close on the day before the breakout. AND...choose appropriate protective...mental...stops (if you are able). Since it's a short term position trade, most of those from last week already made their positional move. The charts of your hits show HA alright. You're scan is properly calibrated. Oh...and is there any way you can compile all the HA hits from the 3 or 5 scans last week and put them in that portfolio? Keeping the stocks submitted by the same person together if that person submitted hits for more than one day?? Thanks NOI went HA on 7/6...and then did it again. That one should be watched. SYMC is kinda like...ummm...cookin'. Yeah, that's the technical term I was looking for. IFMX has some serious HA still going. One break along the way but nerves will do that sometimes to people in a stock that's going HA. None of 'em are really aware of what's going on and to them it looks like the price is stalling when, in fact, the higher lows are a clue of potential. Then of course, since nothing is ever 100%, you should know that the expectations built into the HA pattern are at quite a high strung level. That also implies that a break down from the pattern will be as nasty as a break up is nice. It's best to trade HAs when the market allows the pattern to work properly. That way more go up within the timeframe than down. That usually works best >gg< Doug R