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

To: Sergio H who wrote (31162)	7/22/1999 3:28:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79240

Sergio, The timing for your question couldn't have been better. Today's high on GTNR hit the IL. Now remember, the existence of an IL doesn't mean that it will be broken to the upside. The main point is...IF it is broken to the upside, either don't buy or, if you're already in, GTFO...and/or prepare to go short. Since GTNR has seen the IL as resistance, you're in quite a precarious state (nicely precarious since you've been long for the ride up to the IL). The "problem" you have is...will GTNR break above the IL and offer you some icing on the cake? Or will it decide not to wage a battle with the IL. If it doesn't break over it, it's done moving up at a high reward rate for several months. If it does break over it, it's really done. Now...you have to ask yourself..."Do I need that last bit of icing?". "Does my risk tolerance allow for going after it with X amount of shares?" Doug R PS...Check out this bb (it screwed me once about 3 yrs ago but I still track it) CHAT. Also...I think you'll like the long term chart on APEX.