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

To: Ocote who wrote (15787)	4/29/1998 1:49:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79384

Ocote, 9, Ivan and other IL afficionados, I'm still going through the candidates submitted. Here's what I get for some more of them: CMGI & ELNK have very similar IL/ACT configuration. Most of the internet rockets do. There's not alot of room to play with between the IL and ACT but if above the ACT and intermediate term serious overbought conditions exist, ther is room for safe shorting. These two broke through the IL on 2 seperate occasins. CMGI returned to the ACT the first time and has yet to do so this time but is now below the IL. ELNK didn't return the first time but did so the 2nd time and is now in RR mode. MSPG, yup a violator. PSQL peaked above IL on 3/25 and is now well below the IL and the ACT. It had broken below the ACT on its immediate IL reaction and the high on 4/16 found the ACT as resistance. Regular type TA stuff is now the order for it. No IL/ACT dynamic stuff can be used as a "shortcut" to doing thorough TA on it. SHRP-- No ACT...so no IL. ITVU spiked above the IL for one day and closed below it. It returned to within a point of the ACT on 4/27 and may either dip down to it or just wait for the ACT to come to it. RR on it would result in about a 40% bounce. IVIP is a reprobate in that it does not conform to the IL/ACT model. NEON had no uptrend from which an ACT would key off. Doug R