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

To: Warthog who wrote (38756)3/11/2001 8:38:21 PM
From: hman  Read Replies (1) | Respond to of 79477
 
Hi Wart,

Was thinking the ACT being formed in mid-November although there was a violation in mid-December that is really up to interpretation. My own interpretation of the IL is that the high of Feb was above it and the fall didn't go far enough. With the condition of the upcoming market however, seems like it will.

Thanks
hman



To: Warthog who wrote (38756)3/12/2001 11:26:35 AM
From: Doug R  Read Replies (2) | Respond to of 79477
 
Wart,

URS:

Go with L2 on 9/5. The 11/10 - 11/14 ACT is a good one.
IL is currently at 21 5/8. Since price did the initial hit to find it as resistance then the move over with pullback not back to the ACT...next run over will be the one to watch.
However...there's the possibility that price will only hit it as resistance again then drop to the ACT so stay on your toes for that.
In any case...URS should get back to the ACT between 16 and 17.

Doug R


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