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

To: Dave H who wrote (8774)	12/4/1997 9:38:00 AM
From: luther thomas	Respond to of 79308

Dave Take a look at LEAF! New 52 week high yesterday - low = Yesterday Closed @ 3 31/32 IBD EPS = 75, Ac/Dis = 97, Ac/Dis = A 3 mo ending 9/30 EPS = .02 VS 9/30/96 = .59 loss News Yesterday!!

To: Dave H who wrote (8774)	12/4/1997 1:13:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79308

Dave, 58 or 59 short-term on AMZN is not out of line. That leads to the next question of what happens after that. A move to 58 would strongly suggest that the head and shoulders, which so far is incomplete, will be aborted. That is an extremely bullish development. AMZN just built a distribution center here in Wilm. which looks to cover about a million sq. feet. Hmmmmmm. On another note, MTON is 2 countdown days from completing a sequential and CHK is just wrapping up one helluva countdown. Here's a quick rundown of what constitutes DeMark's sequential: There are 3 parts to it. The setup occurs when there are 9 consecutive closes lower than the close 4 days previous to each. The day before the first day, though, must close higher than 4 days previous to it. There may be more than 9 and the closes must be lower, not equal. The setup is completed when the second part of the strategy occurs. The intersection is where the brakes have been applied to the freefall of the setup. The price has to close within the range of the trading 3 days previous. Now comes the countdown: 13 closes (no requirement to be consecutive) equal to or lower than the entire range of trading two days previous to that day. Day 13 is the buy signal. Now substitute the word higher for lower in the above and you get sell signals. 2 safety valves for entering a trade are waiting until you get a close greater than the close either 2 or 4 days earlier. If during the countdown a new setup occurs, the countdown starts again. A stoploss uses the range of the lowest trading day in the countdown. Subtract the range from the low to set the stop. I want to thank you for the motivational efforts you directed to me on the BOSCF thread. Sometimes I just get exasperated when people make a rash decision and turn it around on me......well, back to work. Doug R