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

To: Magnatizer who wrote (24117)	12/9/1998 3:01:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79313

David, Warning, the following will only be understood by seminar attendees that actually paid attention: Well, I looked at a bunch of stuff on CNCT and it dawned (hmmm, almost that time already) on me to check a chart of monthly closes. Now assuming that the majority of MIMs are created by insiders and/or so-called smart money buying in anticipation of some new fundamental, economic or some such development, one might expect the OBV to go positive as an indication that a MIM is in progress. If this is the case, an absolute minimum target for the short term on CNCT would, of course, be 6 1/16. There is a slight problem back in the chart with the major down trend line having to cut through some price bars so a strict application would necessitate a MIM high of nearly 8. But for the sake of the learning experience CNCT may provide we'll dispense with that detail for now. Excluding the price bar problem, after the MIM is completed, the rest of the dynamic would progress over several months leading to the verification that the smart money was actually as smart as they thought they were and a MIMBO would occur. This one will be very interesting to track from here. There's even room to participate in the MIM and take profit to then wait for the rest to unfold and get back in as the accelerative phase begins upon the MIMBO. Quite a mouthful...huh? Doug R