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

To: bazan who wrote (12334)	2/16/1998 6:36:00 PM
From: Ceez	Respond to of 79296

Miguel, You beat me to the punch, I was going to ask exactly the same thing. I was a beat slow and covered at 20 1/2. Still made money though ;->

To: bazan who wrote (12334)	2/17/1998 2:47:00 AM
From: Doug R	Respond to of 79296

Miguel, I had a discussion with Carolyn S via email and she questioned my PRTL ACT determination. When I went back to the chart, I found she was right and the ACT was along a different line than I had stated. I overlooked posting the revision and I shouldn't have. Now that an equal % retracement from the downside IL reaction has occurred, I would wait to see how PRTL settles out. The last several weeks' or months' activity in other IL violators and ACT rebounders such as RADAF, CADE, ABTX and RECY have shown that it takes months to reestablish the supply/demand dynamic that got them going in the first place. RECY and CADE seem to be 3 months ahead of ABTX and 2 ahead of RADAF. Doug R

To: bazan who wrote (12334)	2/17/1998 4:23:00 AM
From: Doug R	Read Replies (6) \| Respond to of 79296

Miguel, et al (that's you too Ceez >>gg<<), I believe that a major factor in the abruptness of PRTL's ACT bounce is a cover article in the most recent Money Magazine about the CEO of PRTL. They paint him as the next Bill Gates. Oh well, at least I now know that, besides ABTX's, RADAF's, APCO's and RECY's extremely solid fundamentals that succumbed to the IL, such a formidable creature as the next BG is also no match for the IL hehehe Doug R. PS, A bit more nomenclature here; Now that I have gone through the statistical process of quantifying (on a percentage basis) the expected ACT bounce, I can now name this relationship. How does Reciprocal Retracement (RR) sound? Geez, another copyright to file. Doug R