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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 (12333)2/16/1998 5:20:00 PM
From: bazan  Read Replies (3) | Respond to of 79284
 
Doug,

Do you mind looking at PRTL? It was looking like it was heading down to the ACT but earnings were released and it started back up. I was lucky enough to cover at 19 1/8 before the release, Thurs close. The question is does it go up from here or resume it's move back to the ACT? I think Peg or someone said the chart looks good and moving up.

TIA
ms



To: Doug R who wrote (12333)2/16/1998 6:31:00 PM
From: Warthog  Read Replies (1) | Respond to of 79284
 
Doug,

Thanks for the lesson on IL/ACT. Hopefully, I can find some
monetary gain from this lesson.

I was examining other IL cases (radaf, abtx) and noticed that
during the IL violation, the high for that day extended beyond
the bollinger bands. (or beyond 3 sigma) I guess that would be
the extreme possible. I will attempt to set up a scan that would
catch daily highs beyond the bb. that might be a automatic way
to identify IL candidates.

thanks again.
collin



To: Doug R who wrote (12333)2/16/1998 6:48:00 PM
From: Ceez  Read Replies (1) | Respond to of 79284
 
Hi Doug,

I have a question regarding MINI. I remember you saying that the ACT line would be around 6 3/8 and 6 3/4 depending on how fast MINI would fall. Well, MINI so far has been a snail. It has drop for 6 consecutive days and it has not broke below 7 yet. Is the ACT line above 6 3/4 now??? Should I prepare to cover tomorrow??. Thank you in advance.

PS: I'm interested also in Miguel's question regarding PRTL.

Ceez



To: Doug R who wrote (12333)2/16/1998 8:32:00 PM
From: Cornstock  Read Replies (1) | Respond to of 79284
 
Dough, I second Miguel's request on PRTL. Did you notice it gapped over 20 on Friday with good volume. Do you think it will still get back to it's ACT? I didn't see the initial IL info on PRTL, but you know I trust your judgment on IL's!. It looks pretty strong right now for a intermediate term buy. Hate to buy it and watch it go down to it's ACT. I want to buy it at its ACT (lol). Would be interested in what you think.