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

To: Alski who wrote (23776)	12/1/1998 9:00:00 PM
From: Magnatizer	Respond to of 79746

Man Alski, you are sounding like a TA junkie, you need some medication. ;0) Next time Doug, or someone else you follow (hint, hint) is giving a TA seminar. GET TO IT!!!!!!!!!!!!!!!!!!! Walk, run, fly, drive, swim, bike, RV.... whatever, just GET TO IT. you will NOT be disappointed you increased your TA knowledge. ht david

To: Alski who wrote (23776)	12/1/1998 9:33:00 PM
From: Judith	Read Replies (1) \| Respond to of 79746

Alski, WDC was up today on rumors of a buyout by IBM. Judith

To: Alski who wrote (23776)	12/1/1998 10:17:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79746

Alski looks like you found your rumor driver TA wise. I found nothing to indicate that WDC would have that kind of a day. some things I did find: Magnets: 9.625 flat trendline, 12.09375 quarter zone, 16.125, 18.25 downtrend, 18.90 uptrend, 19.125 strong, 20 weak, 22 neutral zone, 24 weak, 26.125.... Using hindsight, conservative entry for WDC would have been break of 9.625 flat trendline. Looks like the next technical stop is 19.125. Gap over on volume and I will employ the lastshadow gap strategy tomorrow on WDC. other WDC notes: two back to back small sym triangles (psuedo sharks) were first broken to the downside (perhaps mm manipulation) before they rocketed on volume the next day. Every volume jump day for the past 5 months has been an up day after the climax sell period in June. IHS in chart, broke neckline today. ht david