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

To: Al Greenleaf who wrote (7506)	11/11/1997 11:19:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79378

Al, Man, you're like a kid in a candy store!! JAKK has to make a lower low first. The low on 9/29 is the first well defined low. The high preceding the next low must be lower than the previous high as well. SRM isn't quite the classic MIMBO. It's a possible MIMBO trap in that the move up from 8/14 cannot quite be seperated from the move that started on 10/3. I would call both of those moves parts a single formation that would have to exceed the high on 3/7/97 to become a classic MIM. I think you are reaching a bit on ONPT as well. For ALO, draw lines across the highs on 6/7/93 and 1/9/96. Then along the lows on 2/21/91, 12/2/93 and 10/10/96 to get the downtrending channel that the stock is in. The price is nearing the top of the channel so it's very dangerous to buy it here. WFMI is definitely a cup with handle taking off. Yup. I have also found that IMCI is approaching the IL. It's a real good one too. Doug R