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

To: Sandra who wrote (12453)	2/19/1998 4:16:00 AM
From: Doug R	Read Replies (9) \| Respond to of 79296

Sandra, INTAF violated its IL and the ACT is at 1 3/4 now. The entire IL/ACT dynamic/relationship calls for a % rebound from the ACT (which is an uptrending line) that closely approximates the % drop from the peak that violated the IL. In other words, if a stock hit an IL violation peak of 18 and dropped to the ACT at 12, that would be a 33% drop. The % rebound from the ACT should be targeted for 33%. 33% of 12 is 4 points so the rebound target (for the very short term), would be 16. I would expect INTAF to behave according to this relationship. Doug R