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

To: RWS who wrote (32334)	10/19/1999 2:54:00 AM
From: Doug R	Respond to of 79227

R, Welllllll...that post may have been a bit heavy handed but>>>>>>since it's 10k, what the heck eh????? Ok.....PDG: Was that in a PM or on the thread? If it was on the thread, that must have been quite a while ago. It doesn't show up on a text search here. Anyway..., congratulations on having the tenacity to stick with a possible MIM for the appropriate timeframe. My first impressions here are 1.) there is actually a very significant amount of history previous to the high in 3/96. My chart for it goes back to 1/2/87 but there may be another high previous to that (however unlikely). 2.) the high in 5/96 offers significant price bar interference to the major downtrend line that would be anchored by the 3/96 high and the proposed MIM top. As is usually the case in that circumstance, volume plays more of a key roll in the expectation that the stock will retain its bullish trend (or at least retain an overall intermediate term resistance to agregious failure). In your seminar manual, go to the section on MIMBOs and reference the long term CADE chart. It shows the bullish profile associated with 2 types of "quasi"-MIM setups that result in a somewhat less than optimal profile for a break over the "quasi"- major downtrend line Both are heavily dependent on a very significant increase in volume. They are notated as line "A" and line "B". The 3rd line is MDTL of a "clean MIM and subsequent breakout. As a result of the above, the typical target for a MIMBO is less likely. AND, a better entry may be on a volume supported break over the Pegline that is being established here. Thanks for the reminder on this one....(?), ;-) Doug R

To: RWS who wrote (32334)	10/19/1999 4:00:00 AM
From: Monty	Read Replies (2) \| Respond to of 79227

RWS Ya might want to check out PDG hedging before considering a buy. It's listed here with the "heavily hedged" companies. gold-eagle.com Doug, Thanks a lot for the market TA. As usual, you gave us ample warning of this pull back. VERY NICE CALL!!!!! : > I have been trading gold lately and was lucky enough to have initially filled my positions before the recent run up. I have since taken profits and added back a small position. I also tho't it was very interesting that you use the price of gold as a market indicator. The fed has long been suspected of paying particular attention to the price of gold as an inflationary gauge. I usually have very little to contribute here on the thread but I would like to take this op to say I sure will hate to see you guys go. Thanks a bunch Doc! And another "thank you" to the rest of the guys who also work so hard on this thread. It's been quite a learning experience for me. I have a long way to go but you gave me the tools and a game plan. (I still refer to the seminar manual regularly). Ha! Take Care Monty