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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 (36602)	8/23/2000 3:02:01 AM
From: Doug R	Read Replies (1) \| Respond to of 79313

bazan, ALSI: L2...5/24 T2...it could be 7/12 or 7/7 but I'd go with 7/7 since it's a cleaner line...ie no "interference" by other price bars. It's a violator regardless. No indication of a high volume blowoff top yet. It's broken the 8/11 to 8/15 tighter trendline but without a blowoff top I'd go with a break below the 8/8 to 8/11 trendline as a place to begin a position and add on any bounce back over that line. Otherwise wait for a blowoff volume top. LAB: I assume you're basing the IL on the 6/30 to 7/12 trend acceleration. The volatility seen on the intraday highs on those 2 days invalidates that line as an ACT. The system does not apply. In the manual there is a brief written piece on the IL. Page 9...item #6. The charts for the IL begin on page 40. Notations on the charts supply more detail. I'll see if I can go back over the thread and compile a list of posts pertaining to the IL and link to them. Doug R