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

To: Carole who wrote (13249)3/12/1998 3:10:00 PM
From: Doug R  Read Replies (3) | Respond to of 79469
 
Carole,

TACO is not a high tight flag but the chart is a strong one nonetheless. The short-term technicals are getting even stronger as the current little base develops and it's the kind of activity that I like to buy. I won't be buying it though since I'm already fully invested. I would expect a good breakout to trade out of at a quick peak then the possibility to repurchase on the retest of the breakout should present itself.

Doug R


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