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

To: Warthog who wrote (20296)	8/6/1998 7:40:00 PM
From: milesofstyles	Read Replies (2) \| Respond to of 79398

warthog, it works. i focused on this a long time. nothing works all the time,so don't expect that.remember it is a resistance line, but when it does look out.try to find as many of them as you can. i used to set up a chart list of just stocks between $5-10 and rifle thru them every nite for these types of setups. once you have a handful to watch you will see it happen for at least one every day. the key is to recognize the break intraday, preferably first thing in the morning on good volume.don't make the trade in advance and guess if it will happen. let it happen and get on before it becomes chasing. great opportunities for quick hits,imo. jbak would show up on a shortstuff list if i had time to do one recently. in fact, jbak showed up on a lot of shortstuff lists and performed very well at the time. it was a more gradual move, not the typical 1-3 day play. that was part of the shortstuff lists, trendline breaks, as well as tricks and other familiar patterns. busyov