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

To: Bo Didley who wrote (34809)	3/29/2000 3:00:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79235

bo, I have over 40 technical charts worked up on ANET. The last stock I worked on for a seminar was PAIR. It was $12 when I began work on it. Unfortunately PAIR will be bought out and has so far only reached 20 7/8 since then. The buyout never gave it a chance to reach its full long-term potential. Before PAIR I used CMNT from $5 as an example...for 3 seminars. It went from 5 to over 30. I expect ANET to reach over $50 in a reasonable amount of time...6 to 9 months. I'm not going to do any cheerleading for it. The charts tell the story and will provide evidence of support or failure as time passes. My choice of ANET is a bit different for this class in that it is in a very early and therefore questionable stage of the classic formation I use as a teaching tool. It's early enough that a good trading profit can be made on it as the situation develops but there is a significant piece of chart work that it has yet to accomplish before the long term target gains significant viability. During the class, as a prologue to analyzing ANET, I will break down the chart activity of stocks (like PAIR and CMNT) that had already accomplished the necessary chart work. The basic activity of stocks like ANET, PAIR, CMNT and a large contingent of others like them is very defineable and quite manageable. I'm going with ANET this time to present a more anticipatory overview of the process. As a more anticipatory stock, ANET carries a bit more risk. As I've said...I won't be a cheerleader for it...I'll just present it within the realm of "what stocks do". Knowing what stocks do is 90% of the battle. Doug R