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

To: bazan who wrote (36584)	8/21/2000 1:24:48 AM
From: Doug R	Respond to of 79313

bazan, The tightest uptrend line on AINN hits 23 on Mon. It was established from Wed to Fri. Uptrend acceleration has now reached extremes typical of a top. When that tightest trendline is broken, it'll begin the move back to the ACT. There could be some bumps up along the way after the initial breakdown but the general direction will be down. An aid in targeting where it will return to the ACT uses the time it took to go from the ACT to the peak. Avg time to go from the peak back to the ACT is 1/2 that. It varies from 1/3 to 2/3 but 1/2 occurs most often. AINN took off from the ACT almost 3 months ago. A top here would imply a 5 to 6 week move down. By that time the ACT will have almost reached 16. The % drop is likely to be 36% or greater. A bounce off the ACT to about 22 would then be expected. Those Yahoo folks sure get around eh? I've seen the IL/ACT/RR work so consistently that I don't pay attention to anyone who doesn't want to try to understand....it's their loss. I'm sure there were some ADTK traders that read about, and dismissed, what breaking the IL was going mean for that chart...heheheh. Doug R PS...KEI looks like it wants to complete its RR...finally. Also waiting for trendline breaks on DGX and EXTR. TRMB is just now completing RR.