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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 (15239)4/23/1998 3:47:00 AM
From: Doug R  Read Replies (1) | Respond to of 79270
 
Ivan,

What generally goes on in these cases is the TA begins to build a new set of short term patterns. It's the strength of the overall technical profile that takes over here. Since BORL is an official attitude stock (independantly verified by 3 1/2 out of 4 technicians) with a MIMBO, I'm comfortable with it. The early stages of post-MIMBO activity are often volatile. For this reason, many people are left behind when the next trend acceleration kicks in. The symmetry in the price chart is very, very rarely disturbed by this short term volatility and this is true in BORL's case also. I would expect a bit of a base (up to 3 weeks at most) before continuation.

Doug R