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To: adairm who wrote (110)	8/27/2000 10:53:52 PM
From: -Mad-Jon	Read Replies (2) \| Respond to of 164

Adairm - thanks for your excellent posts. One pinching set of Bollinger Bands I've been watching is TLGD; in since 85 on the last dip. This chart is a mess; the reason for the mess, the dip, and the recovery won't show up in a reading of the chart by itself - it's in the news; the sector got erroneously clocked by the cautious guidance by the celfone guys. If the only buys I did were in ideal chart patterns (how the heck do you catch 1/8 point above a pivot when a stock is moving 5% in a matter of minutes?) I wouldn't own any stocks at all. The stocks don't follow the rules. O'Neil's principles are valid and valuable; your mention of Bollinger Bands offers the hint that there are indeed other charting approaches beside O'Neil's that are also valuable. Charts without context are meaningless, IMO; it's amazing how similar so many charts look around certain inflection points in the market. . . . Another Bollinger-type play - I'm going to have to roll my long over to a short Monday, I fear - is ANEN - a great stock which tends to vibrate back and forth between its bands, heading for the lower one now - - - - unless the market catches fire, with all the buyers who want to be early ahead of the fall rally - then, all the charts will look funny, money will be being made - and I, for one, won't be scanning for handles of the right length and heigth. Sometimes a pause is the only chance you get. It's more about the company, in my book . .. Just venting - thanks for listening. Regards, Jon