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

To: ACAN who wrote (38315)	1/28/2001 12:59:50 AM
From: Doug R	Read Replies (1) \| Respond to of 79460

Ummmm...Allan, You left out one small detail in your post. Doug R

To: ACAN who wrote (38315)	1/29/2001 12:26:04 AM
From: Doug R	Read Replies (1) \| Respond to of 79460

Allan, Ok...thanks to sturgeon (yikes) I've had a look at Airtran. No MIM in there until now. The move up here IS a MIM in progress. Since it's now higher that the previous reference high it's not a buy. Now it's time to wait to see if the MIM confirms itself with a higher reference low...then a move back up to the MDTL (which isn't set until a high is certain upon a pullback)...then a BO...then a retest...then a volume supported move off the retest. That will all take some time. For the Oct 2000 Richmond seminar I included a focus on DRMD as it was in the final stage of pulling back from the peak of a MIM. siliconinvestor.com The MIM in '99 began from that low in '98. The MDTL is now well above (300% or so) the current price so it made sense to begin a slow entry process into DRMD as long as the 98 low was upheld. The target at this stage is intermediate term (6 months) to the MDTL. It demonstrates another strategy within the MIMBO construct. Airtran, up here trying to put in a MIM peak, is not in any position for a long entry as far as the dynamics involved with a MIMBO go. Oops...there goes the bell...class is dismissed for today ;-) Doug R