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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 (32741)	11/21/1999 10:27:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79201

RWS, KEG is giving the "screaming 89,3,5 buy signal" here. But as far as a MIMBO, the appearance on the price chart is there. However, I prefer to see any reference high accompanied by the 89,3,5 moving over 80. The first time that happened was with the move from 6/29/99 to 9/13/99. Previous reference highs did not get the 89,3,5 over 80 so the 6/29 to 9/13 move does not qualify as a MIM. That one is now a valid reference high that can be used as far as measuring this current move against. This move will likely become a MIM and the MDTL can then be drawn. Just remember that it's a long term formation and once the top of the MIM is put in, you have to give it several months to pull back in order to avoid buying into the top of the MIM if it decides to set the MIM peak higher than where it got a short time ago. As far as trading KEG here, it's a hold if you're in and a buy over 5 7/8. Thanks for reminding me of that one. It slipped off my radar for a while there. Doug R