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

To: bruce-l who wrote (31853)	9/4/1999 6:55:00 PM
From: Doug R	Respond to of 79214

Bruce, It's interesting that the ratio improved even with Thursday kind of messing up the middle of the week. The trend up is still weak on it so how it behaves the next 2 weeks should say alot. I like MLIN as a secondary. ABFS's price kinda got ahead of things on Friday and now it has too much room to stretch the signal line out some more. MLIN needs a move of just 1/16 to break the signal line. If supporting volume goes along with it, the next leg up past 6 should start. The potential for a secondary here fits well into the scenario where a MIMBO such as MLIN would start the next trend acceleration. A break over the Peg line which will be 5 5/8 on Tuesday leading to a break over 6 3/16 would verify that a mondo Elliott wave 3 was just beginning progress. (of course the MIMBO signaled initial entry on 8/19 as s relatively high volume acceleration started from the base off the initial BO on 5/27). It's still definitely early on MLIN. Doug R