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


To: eabDad who wrote (23507)11/26/1998 10:31:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79268
 
eabdad

I don't have a magnet chart on INFR so I think the 7 5/8 you are referring to is in this post techstocks.com

I will let Doug take it from here, nice ride your having. INFR is responding well to chart formations. Good sign

another note, this goes all posters and lurkers to the thread. If a stock that is discussed here with a favorable reading starts to move please, bring it to the thread immediately. Working together we can be much more successful than as individuals. I cannot tell you how many stocks I have missed over the past months and I am sure others feel the same way. Lets take on the big guns with a group effort, we will become a great force

ht
david



To: eabDad who wrote (23507)11/26/1998 11:02:00 PM
From: Doug R  Read Replies (1) | Respond to of 79268
 
Z,

INFR has now set up the chart dynamics that give it an IL. The high on Wed. stopped right on it. I imagine that a last burst through it tomorrow will be the short term top and a "dip" to within 1/4 point of 5 (one way or the other) will ensue. If the high coming up gets to 7 21/32 or more, a whole new ballgame (MIMBO stuff) will begin for INFR.
Be careful with it tomorrow since an incursion above the IL will be a signal to the thread to start shorting it back to around 5.
The whole thing works out rather nicely. A textbook case of a run to a MIM stopped by the IL for a pullback to the ACT setting up the major downtrend line which will await a breakout and retest in advance of a ride back to the all time high (and you are now thinking..."say what??")

Good trade.
Good luck,
Doug R