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

To: Grandk who wrote (32898)	12/5/1999 12:33:00 AM
From: Doug R	Respond to of 79198

J, AKLM's chart has set up a low risk buy near the neckline of a head and shoulders formation that started in Feb. '98. It was on the thread here in Oct '98 as it started the move that is now the "head". At the time it was labeled a quasi-MIMBO due to price bar interference along the major downtrend line so it was not expected to perform with the potential expected of a true MIMBO. That price bar interference is still in the way as far as considering the head of the head and shoulders as another MIM. Downside would entail a willingness to sell at a loss on a break under 6. That is not a lot of risk considering that a break to the upside out of the head and shoulders would take it to over 15. Thanks for the reminder on it. I'll be watching it again. Doug R