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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: FishbackJ who wrote (8459)	7/15/1998 7:28:00 PM
From: Michael Quarne	Respond to of 12039

Dick, I think you've just discovered a way to know what to do!!! (wringing hands) Simply observe which hand is on top when you start "wringing of hands," then when you stop "wringing of hands," make the same observation. Definition of indication would be: *************Right hand = Buy******** ***********Left hand = Sell********* Or perhaps that is backwards.... Tsk tsk tsk more testing... Arctic Mike

To: FishbackJ who wrote (8459)	7/15/1998 8:03:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

That's encouraging -- that you see solid support at zero. I think my own view -- tainted as it was by TA -- was too negative. As for point-and-figure charting of MPTV, that sounds like a lot of fun -- not unlike a stimulating round of tic-tac-toe. The problem with applying most traditional TA tools to nano-caps such as MPTV is that the tools are too large. It's like applying conventional medicine to a Lilliputian. One gets blood -- or red ink -- all over the place. But point-and-figure charting might be the solution, if one can obtain such small-scale graph paper. On the matter of the prohibitive cost of the phone call, why don't you call collect? Once the operator makes a connection, cancel the call, just in case the the company is foolish enough to accept the call. (Even the cost of a phone call could tip the next quarter's balance sheet the wrong way.) Brooke