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

To: bdog who wrote (36249)	7/16/2000 3:58:11 PM
From: Doug R	Respond to of 79382

Bdog, CN went into transition on 1/11 when it set up that descending triangle. The post-transition breakout and buy signal was on 2/2. The resulting move was the beef. Game over for CN by the beginning of March. I can't say what the heck it's doing now...it doesn't fit into any of my algorithms. RVWD is NOW in the transition stage. This is the spot to watch it as it develops a short term typical chart pattern. It could be a H&S or an ascending triangle or a descending triangle or an IHS. Whatever it is, the breakout from that pattern is the buy signal. All there is to do now is.......wait. It's a nice one. Good job. Doug R