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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 (11809)	2/3/1998 9:35:00 AM
From: Tim Oliver	Respond to of 79298

Doug, just a couple comments and questions: 1) On the cup & handle, your explanation is very good. One thing that I remember also that seemed to be important is that the bottom of the cup shouldn't be more than about 20% from the top (which makes sense with the trading phenomenon that you describe). 2) Another TA-related matter concerning stock potential that I'd love to hear more about is the concept of "group" or "sector" TA when addressing individual stocks. Again from the cobwebs of my memory, O'Neill said that the strongest moves are group (sector) moves. When I've looked at 3-4 stocks in a group/sector, I've noted some general direction trends of the whole group. Also, certain stocks are much more "trendy" than others and often give nice signals for the whole group. For example, if one looked at RECY and say MTLM and PHV over the past few months, it may have been easier for a reluctant trader of RECY to sell with the obvious downtrend of the others in the group. (Some make the mistake of assuming that their stock is different and somehow "benefits" from weakness in the others in a group, but I haven't found that to be true). I'm not sure who the competitors of APCO are, but I wonder if a comparison with those on a TA basis may explain some of APCO's recent "apathy" to break out. What about looking at MU next to ALSC as another example. It looks like MU has already had a nice run recently and may be a nice group/sector leader to follow when trading ALSC or others in the group. 3) As a side note to the last comment, it's interesting that we tend to hope that a stock in a sector will "catch up" with the others, but in reality that often doesn't happen (they just trade around each other in similar basic directions, some with smaller swings and some with larger swings). 4) I used to enjoy going to seminars, but the social aspect of it isn't as apealing to me as it once was. Although one can get a pretty good idea of what your most basic trading parameters are by following these threads and looking at corresponding TA graphs, is there a video available of your seminar that can be purchased? (maybe not as valuable as the seminar experience, but possibly more practical for some). Thanks.