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

To: Alski who wrote (15064)	4/21/1998 12:33:00 AM
From: Magnatizer	Respond to of 79273

Will look tomorrow. gotta get some shut eye ht david heavy resistance on ALDA at 8.08. Break it and we will see 9.00 in a blink

To: Alski who wrote (15064)	4/21/1998 1:09:00 AM
From: milesofstyles	Respond to of 79273

alski i wouldn't sell this one, looks like a big ass ihs breakout to me shoulders in december and march and the head in january, usually a close at the high of the day is a sign of strength, draw a line connecting the highs of 12-8 and 2-10, extend and you will see the ihs better, this is the trendline that was broken, this has a possibility of 48.00 from here in my opinion, you'll see bumps along the way i'm sure but this looks really good to me, it looks to me to be at about a 2 dollar a week clip.

To: Alski who wrote (15064)	4/21/1998 1:40:00 AM
From: milesofstyles	Read Replies (1) \| Respond to of 79273

alski let me add to that response, without knowing the position you took i should not have advised you not to sell, let me add this to assist in your decision making process, as you can only decide what to do, the uptrend line i have drawn is currently at 33.00, i will reiterate the close on the high is strong, at the current uptrend 48.00 would be in about 7 weeks. good luck.

To: Alski who wrote (15064)	4/21/1998 6:07:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79273

Alski FGII was ready for a rest. Did not follow it today so I may be putting my foot in my mouth. Long term is tough because the data only goes back 15 months. Not a real clear picture. Mid to Short term: A couple of nice BOs early this month. One from a IHS formation (4/8/98 BO) and another from a big symetrical triangle (4/1/98 BO) Both held very well and only retested for 1-3 days. Very strong. I had a signal on 1/28/98 which gave FGII a target of 50.50. I see it doing that in the next two months or so (conservatively speaking). Little left of overhead resistance. ht david