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

To: KZAP who wrote (9898)	1/1/1998 9:01:00 AM
From: Ocote	Respond to of 79296

KZAP--Sorry haven't had much time to respond to your question. It's a busy time of year. ALTS-- Still has tremendous downtrending resistance. Must see a higher low before considering this from a technical standpoint. Just from looking at price-volume charts(no formal TA): CHKE -- Had a tremendous breakout from previous high of 15 by gapping up as high as 17.25. If you didn't catch it on the breakout(I didn't) try to wait until it pulls back to near the former resistance(15.25) which should now act as support. Featured in Motley Fool Daily Double a couple days ago. MHO---Old high of 18.5 in 1993. MIMBOed* in july by breaking the intermediate high of 12 1/2 and now has become a cup breakout by breaking 18 1/2. Now 18 1/2 is the new base. It could stay stable for a long time just under 18 1/2(cup and handle) or continue breaking out on volume. IGC----Historic high of 9 1/4 in July 94, low 2 5/16 , MIMBOed in Sept 97 to a high of 4 3/4. Broke outfrom 4 3/4 on Dec 24. HNH---Almost qualifies as a high tight flag from jump on Dec 13. Not sure. Need to ask DougR, he's the expert. BOM Historic high of 5 5/8 in October 1993. MIMBOed in May 97 by breaing above 2 1/4. It's trying to break 3 now. Hope this helps. Ocote *MIMBO--A special type of chart formation that Doug R teaches about at his seminars.