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


To: milesofstyles who wrote (15767)4/29/1998 4:25:00 AM
From: Ocote  Respond to of 79384
 
akrn, broke below il act 1-3
That down spike 1/5 throws me off. If assume that is the new ACT takeoff point, then I cannot draw an IL
On the other hand, if ACT is 8/15, and it was broken, later still valid when broke above, then I get IL line broken 2/23, IL support on 3/31, still way above.
axnt,
The ACT whose basis is 1/27 and is quite aggressive was broken yesterday.

bxg
The agressive ACT was broken down out of on 4/22
ccsc fell below il 4-22
I'm having trouble on this one. I place the ACT base at 1/20. With the points I can identify, it didn't break the IL
cmgi violator at il now
This one has more ACT's than I can count on one hand! The last one I identify has its base as 2/27. That would pu the IL at today's close, 83.6, if i've selected the points correctly; looks like one could quibble on them.

cncx fell thru il 4-7, crashed thru act as well
I am seeing a base of ACT as 3/6, with breakdown through ACT on 4/22; IL violation 4/7.

elnk fell thru il yesterday above it today
Having trouble with this; if ACT takes off on 1/23, then IL would be around 84 now, broken a few times early on. ACT around 51. I'm not sure I'm drawing the ACT correctly, since it is a subtle acceleration.
gnet
I'm having trouble selecting the ACT points and T2 here.

same as elnk, these would have a long way to fall if my lines are right, when i tried
for a more aggressive line given these stocks i believe the break already occurred...


miles, I did my best on these; now will see what the maestro has to say.

Ocote