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


To: ivan solotaroff who wrote (12570)2/21/1998 6:38:00 PM
From: Cornstock  Read Replies (2) | Respond to of 79260
 
Well Ivan when it comes to IL and ACTS, I believe! I like those return to ACTS as well as you like those cats. So, when PRTL dropped to 23 3/4 on Wednesday (from 25), I jumped right in there (borrowed a few shares - as you would say). Well yesterday, it hit 27 and I must admit this short has caused me some discomfort. However, I AM A BELIEVER, as Dough can attest, and I am now operating on Faith. If that doesn't work, I'm calling in Hope and Charity to help me out!!! Good shorten PRTL. You can trust that I will cover in fairly short order - and before the ACT. At this point, I'm thinking 22? Whatchathink?



To: ivan solotaroff who wrote (12570)2/22/1998 1:37:00 PM
From: Doug R  Read Replies (6) | Respond to of 79260
 
Ivan,

BRKT is definitely a MIMBO. Nice find! The 89 day MA/MLR is nearly optimal but not yet crossed over. A MIM is always good for getting that MA/MLR in shape. I used to watch that one back in '96. I still wonder why I didn't buy it after the "scary looking" pullback just before it took off again. Kind of like ACRT looks now. Any way, I think BRKT will roll back down a little before beginning its next little acceleration. These initial periods of post MIMBO acceleration are usually seemingly slow in the making but before you know it they get parabolic so the bit of boredom withstood here should be well worth it on BRKT.

Doug R