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

To: freelyhovering who wrote (31389)	7/31/1999 2:30:00 AM
From: Doug R	Respond to of 79230

Myron, MGL: It hasn't broken out yet. Over the long term, a breakout would take it high enough to have a qualified MIM. Trading into the topping out of a MIM is very tough timingwise. You can get 15 to 20% in a few days. A volume supported move over 11 (like, as soon as it gets over 11 on high volume) would be a buy signal. It would then be several months after a 15 to 20% move on a breakout here before the rest of the dynamic is played out along the MIMBO criteria. Doug R