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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: Dave H who wrote (847)12/26/1997 3:14:00 PM
From: Doug R  Read Replies (1) | Respond to of 2377
 
Dave,

I get the intersection on 11/26. 11/28 is the first day of the countdown. Today is countdown day 13. Yep, you're right on the money! Great job spotting that. I would say that a break above the 10/14-11/6 downtrend line would be a strong signal. That line is at 5 1/2 today so a move to test that line would be about a 10% gain. After that (whether or not you go for the 10%), the safest option would be to wait for the breakout to get back in. It's quite a nice coincidence that there would be a sequential on it here at tax-loss selling time. Hmmmmm.

Doug R