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

To: Ocote who wrote (9957)	1/3/1998 9:32:00 PM
From: Ken W	Respond to of 79230

Ocote, I totally agree on waiting for the completion of the MIMBO. Pistolese states that the first high volume move above the 30 week average is the time that you are the most vunerable. Sometimes they do not retest the breakout so you pay a bit more on entry, but the risk is reduced. The retest and higher low are important. I've made this mistake before and paid for it in hold time. HOG just seemed to fit the scan of 52, 26 13 week bounce from lows with higher than average volume. Ken W