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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 (37209)	9/30/2000 9:11:05 PM
From: Doug R	Respond to of 79378

Bdog, Here's something from the AC and Minny classes for you to look at. Not back-testable though...I know you like those >gg< Draw an uptrend line along the lower band of the 8 dBB on ARNX. Make sure the line does not cut through the band along that first bottom (that moves it a bit ahead of the absolute low point which starts the line between 9/5 and 9/6). The next bottom on that lower band is 9/15. Extend the line forward and the band breaks that uptrend on 9/28. Now look at the 13 dBBs. Price did not move low enough to touch the lower band. That's a buy signal...8 dBB breaks its lower band uptrend while price remains above the lower 13 dBB. The next buy signal will come when price touches the lower 13 dBB while the lower 8 dBB sets up a new anchor to use ahead of the one on 9/15. The 2 signals alternate on trending stocks and give buy points at the bottoms of consolidations before the next leg up. A sell (or short) signal comes when BOTH the lower 13 band is touched AND the 8 uptrend is broken at the same time. Now that you're off vacation I figured you could use a refresher headache...heheheh. Doug R PS; From your scans, MCTI and MEXP look pretty good.