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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 (10510)1/14/1998 11:01:00 AM
From: ivan solotaroff  Respond to of 79273
 
Ocote:

GNT: "But isn't the 1/12 a higher low?"
Yes, but 1/6 is also a lower low.

Ivan



To: Ocote who wrote (10510)1/14/1998 11:06:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79273
 
Ocote:

Look at 1/6 for GNT. (I don't want to get into this in depth here, because of proprietariness.)

AMD may or may not qualify (it's hard to tell at this point, my guess is NOT). One suggestion from Doug: Start looking at these things with a longer lens (like a weekly chart). Less false leads.

Ivan



To: Ocote who wrote (10510)1/14/1998 11:15:00 AM
From: Doug R  Read Replies (1) | Respond to of 79273
 
Ivan, Ocote,

AMD has a short little inverted head and shoulders bottom from 12/13 to 1/12. An uptrending neckline puts resistance at just above 22 today. The low today was supported by the very short-term uptrend of the last 2 days.

I suspect that many PGDCEB's will also progress into inverted H&S formations as well. Something to be aware of.

Doug R


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