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

To: hman who wrote (40184)	11/22/2001 1:35:41 PM
From: Warthog	Respond to of 79260

hi H, It appears to me that ITWO is at the 13dma..a good entry point. I have been studying some long term techniques that might be a good strategy for ITWO. Assume that the correct entry point for ITWO was 3 in the first week of October. That also was a reversal of the downtrend that started with ITWO at 27.96. Divide the lenght of the downturn by 8 (27.96-3)/8 = 3.12 If ITWO returns and corrects the downturn...ie ITWO reaches 27.96 place stops as it goes up. stop when crosses 3 6.12 6.12 9.24 9.24 12.36 12.36 15.48 18.6 21.72 21.72 24.84 24.84 27.96 The stops should be fuzzy stops with a little buffer. I don't know what the timeframe should be..but it should be the same as the lenght of the downturn. I shall be watching to see if what I am studying holds true. good luck wart