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

To: Warthog who wrote (34298)	3/1/2000 2:19:00 AM
From: Doug R	Respond to of 79227

Wart, One of the main objectives of The Project is to give you a steady regimen of practice. You're getting better. Doug R

To: Warthog who wrote (34298)	3/1/2000 2:57:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79227

Wart...yet again, Now here's a great example. I received this PM from RWS after Monday's close: ________________________________________ Monday, Feb 28 2000 10:06PM ET To: Doug R From: RWS Hi Doug If you have a few minutes would you take a look at FLC. It has a nice six month pennant with a classic ewave shape and looks like its ready to break out unless the final wave puts in another little down-up alternation. Do you see anything positive? RWS _______________________________________ Now, as you might imagine, I get tons of requests from every direction to look at stocks. I don't have time to run a complete TA on them all. So for most of them I give my general take on the chart activity. My response for RWS was given in such a way as to maintain a reasonably level-headed outlook: ________________________________________ To: RWS (who wrote) From: Doug R RWS, The volume on a weekly chart is not too inspiring as it's been trending down for some time. It also is not a stock that appears to have a great amount of upside volatility. If it's to break out and trend up, you'll have plenty of time to enter when it shows more positive activity. I can't say that I don't like it but... Doug __________________________________________ After what FLC accomplished today it is apparent that RWS has put some time and effort into the seminar material. He had obviously looked at stuff that I didn't have time for: Wednesday, Mar 1 2000 2:35AM ET To: RWS (who wrote) From: Doug R RWS, FLC: Ok...looks like "plenty of time" is up. It put in a nice day of verification today. Nice pick, Doug