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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 (36314)	7/23/2000 11:05:37 PM
From: Doug R	Read Replies (2) \| Respond to of 79378

Wart, ESA: Alltime high 23ish back in '96...not a cup, with or without handle, in my book. Most recent, defineable reference high...4/99. Prior reference high...2/98. The 4/99 high is lower than the 2/98 high...no MIM. There is a double bottom...10/98 and 3/00 lows. I wouldn't go chasing after it here though since the recent run can't have much more % potential left and risk has definitely increased beyond acceptable levels. A right shoulder of an IHS will likely form from here on a pullback to around 8. That would be a decent entry with a trendline from the bottom of the head to the bottom of the right shoulder useful as a stop. I don't see an ACT anywhere in the last 200 trading days either. Any line that might qualify cuts through other bars either ahead of or behind it. One line that doesn't do so has too much volatility across the highs between anchors. yikes, Doug R