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


To: Tim Oliver who wrote (11872)2/4/1998 3:08:00 AM
From: Doug R  Read Replies (6) | Respond to of 79297
 
Tim,

If it were me, I'd start right now. The formation over the last year is a classic of a type I go over in my seminar. Stocks that successfully complete that formation commonly triple or more. It's the rarest one I've found and VII will be included with several others like it that I dissect in the seminar.

Peg should remember this formation well. After I showed the examples and went through the process, I displayed one that hadn't signalled yet. Before the signal, the chart is ultra-sensitive to "tampering" (ie outside influence from anyone but the "market" buying it). Peg dove in anyway and I even spotted the effect she had. When I asked the thread who it was, she confessed. She made a profit but set the chart back indefinitely. VII has signalled a buy now and is just a bit more than 10% above the signal price. With 200% or more likely, I wouldn't quibble right now. (Geez, now I got me seriously wanting in. I'll have to check the sofa).

Oh, and BTW, ASND just sent up a buy signal that rivals the one ALSC had on Mon. It could just go to 40...real fast.

Doug R