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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 (31194)7/23/1999 11:20:00 AM
From: Doug R  Read Replies (1) | Respond to of 79230
 
Ivan,

SNRS:

Reminds me of DIGL too. Different reason, same result. And to think it got to within 5 points of the MIMBO target. Tragic.
It's a good thing IPO's outnumber skylight crashers. Otherwise, everything would end up a cat in time.

Doug R



To: ivan solotaroff who wrote (31194)7/23/1999 12:59:00 PM
From: curtis christopher  Read Replies (3) | Respond to of 79230
 
Ivan,

Looks like WDC is putting in a lower low on the required volume for the CAT signal. What do you think?

Curtis



To: ivan solotaroff who wrote (31194)7/24/1999 6:08:00 PM
From: Doug R  Respond to of 79230
 
Ivan,

SNRS:

6/24 and 6/25 is a probable ACT. Probable because when extended back it cuts through one price bar. Interesting situation.
T2 is 6/1. The expected H&S configuration is also disturbed by one stray price bar. The two lines (ACT and IL) are mostly parallel though.
IL value was 15 3/4 on the day it was broken while the ACT was just crossing over 10.....36.5% below the IL.
The ACT was about 11 on the fatal Friday. No RR here. Just as with SPYG, IL violation can kill a MIMBO in a hurry. Nasty business.

Doug R