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

To: Monty who wrote (38598)	2/20/2001 12:47:37 PM
From: Doug R	Read Replies (1) \| Respond to of 79536

Monty, The first reference high on MSTR was 6/00...a one bar short-covering move. The formation for that reference high basically lasted to 12/00. A move back over the 9/00 high could be called a "mini-MIM"...I see what you're trying to get at but you may be stretching things a bit too far. It's not advisable to "rush" a MIMBO. You gotta let them happen. And you also gotta avoid trying to stretch those 1 bar (on a monthly chart) moves into something that's significant in relation to the entire chart. Barring any "big picture" type of handle you can get out of a chart...you just gotta go with the typical crap like double bottoms, triple bottoms, IHSs, triangles, etc. Or you can go to the technical indicators but for that I would suggest stuff like pattern set-ups coming off positive divergence, Temporal Clearance or other nuances I'll have in Arlington in a few weeks. Doug R