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

To: Doug R who wrote (23277)	11/21/1998 2:23:00 AM
From: Doug R	Respond to of 79230

Man, Between a long edit and an in depth IM I missed the edit window on that last post To make a long story short, I have come up with 3 classes of Peg lines. Class 1 is the strongest. Class 2 is the type that AKLM is breaking out from; A MIMBO with supporting volume but with price bars occluding the major down trend line. Volume support for this type is critical but even with volume support, there should be no expectation of reaching back to the all time high...hence the final target of 21 3/4 Class 3 is a Peg line off a MIMBO with no monthly close definition. ITVU has just broken out of a class 3 Peg line. There should be a nice % of "take the money and run" gain on it. Editing, blending and communiqueing, Doug R