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

To: Densiebj who wrote (40316)	12/9/2001 9:30:10 PM
From: Doug R	Respond to of 79273

D, As you probably know by now I'm not that great on finding mimbos lol...you sure aren't. Re-study the MIMBO section of the manual...use monthly bars, apply the proper rules to define the reference highs. Look at the HDWR chart... siliconinvestor.com A reference high in Jan '97 A reference high in Nov '97...no a MIM...it's lower than Jan A reference high in June'98...a possible MIM...higher than Nov...an MDTL can be drawn Price goes lower than the low seen between Jan and Nov '97 so the June '98 high loses MIM status...the MDTL never came into play so the stock was not an entry candidate. A reference high in Jan '99 A reference high in June '99 A reference high in July '00 THEN a reference high in June '01 (HDWR likes running into Jan and June/July I see...that should be kept in mind) The June '01 high is higher than the July '00 high. Again, a potential MIM...an MDTL can be drawn. Price has so far held above the low seen between July '00 and June '01. Currently the MDTL is moving under 14. HDWR is not a MIMBO yet but it's threatening to become one. Doug R