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

To: Doug R who wrote (11550)	1/29/1998 12:41:00 PM
From: lazar921	Read Replies (1) \| Respond to of 79233

in case you never saw this please everyone read.... .To: Greg Butcher (1937 ) From: Christopher Smith Wednesday, Jan 28 1998 8:06PM EST Reply # of 2043 Greg, I agree with much of what you have posted. Numbers do not lie. And since they do not, let's take a look at some of them; again, these are hard numbers...facts...there is nothing to get emotional about. No one is being insulted. The following have all been "picks of the week" on this or associated threads, and they all have one characteristic in common: none has EVER closed above the price at which it was first picked. QUST picked 11/29 at $9.43 subsequent low $6.50 Loss of 31% RLLY picked 11/3 at $4.50 subsequent low $2.00 Loss of 56% VVID picked 1/5 at $16.00 subsequent low $12.10 Loss of 24% TRIBY picked 10/20 at $2.90 subsequent low $1.50 Loss of 48% IBAH picked 12/12 at $4.00 subsequent low $3.20 Loss of 20% This an abbreviated list; there are several others that have never closed above the price at which they were "written up" (such as AMVC and BOSCF) that I have not included. In addition, this does not include those picks that did manage to close above the recommended price for a day or two, but subsequently saw a large drop in price (I insist on intellectual honesty <gg>). Again, these are facts easily obtainable on the respective threads. The intent here is not to insult, but to point out what can happen with the types of low-priced stocks to which novice investors are often attracted. The fact that many readers of these threads are actually willing to travel across the country to attend a seminar to learn how these stocks were chosen is indicative of a speculative mania that enriches only those working in the securities industry.

To: Doug R who wrote (11550)	1/29/1998 1:17:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79233

PRTL -- IL Doug, I used 8/8, but I think a different high #1 than you. Don't want to get into this for obvious reasons. My line was violated for the first 3 1/2 days of Oct., then for five of the six days leading up to and including this Monday. I'm probably wrong, but my line is gr-r-r-reat. It shaves the two other highs like a stripper's thong: the pre-October crash highs and the early December highs. I'm going to lunch, but if you want we can go to E-Mail on this. Ivan

To: Doug R who wrote (11550)	1/29/1998 3:30:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79233

QUIL? Doug, Forgive me, as I'm trying forever to cheapen your original concepts to a maudlin mendacity ... But: It occurred to me that the IL/ACT was such a valuable pair that they could be transliterated to uptrend lines that weren't nearly so accelerative/their corresponding channel lines above. Whenever I see a well-established channel, such as with stocks like LNCR or HBOC, I try to use the longest available uptrend that delineates the channel, regardless of acceleration, then use your rules for drawing an IL to draw an upper line, which I hereby 'umbly offer as the QUasiIL, or QUIL, to establish an ascending series of exit/shorting points. A work in progress, but I thought, who knows, it might be of use even at this point. Right now, for example, using the admittedly far-removed points of 4/2 and 10/25, I would say that HBOC is rapidly becoming something of a QUIL violator, one which I will short as a paper trade, live here and in public for every butchered up bizarre-o who wants to quilequivocate at some future point. Ivan PS: YOU HAD A HELL-LL-LL OF A NERVE NOT CALLING MY BROKER AND GETTING ME OUT OF AMLN WITH A 20% GAIN.