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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 (24864)	1/2/1999 3:41:00 AM
From: Doug R	Respond to of 79230

Warning: This is a long conversation...MIMBO oriented with some BS on the side. Tiric: I really have to suggest that you start to lean toward going heavy on the MIMBOs here. Triangle trading is always risky and the % return is not nearly as great. alesisgb: yeah, i liked hnv as a hold, just hope i can get with it. age has a triangle that expires in less than 2 weeks Tiric: The last time there was a good crop of MIMBO's was late '96/ early '97. These things are amazing when they go. The season for them lasts about 3 to 5 months every cycle. This cycle started a month ago. Tiric: CMNT was the first one that I know of. alesisgb: cply aklm hnv zoll...any others ? drawing blanks... alesisgb: spyg too Tiric: yep Tiric: JBM is on the verge alesisgb: have yo looked at bwt? Tiric: IFMX will be one of the later ones Tiric: NOVL Tiric: NOVL preceded CMNT I think. alesisgb: isn't novl done? Tiric: NOVL's target is 35 alesisgb: isn't novl over 40? Tiric: It's definitely going to get there. alesisgb: i think it traded over 40 already...gonna havta check Tiric: NOVL is 18 1/8 Tiric: HNV is the best one so far. CMNT was the fastest Tiric: Funny thing about CMNT...when I did it at the St. Louis seminar, the brother-in-law of one of the attendees is a VP with CMNT. He had no idea that the stock (or the company) was on track to outperform. alesisgb: geez, i would swear up and down my chart on novl read above 40 ... Tiric: Musta been another stock. alesisgb: guess so Tiric: FRNT looks done with the test of the 50 dMA alesisgb: didn't that come up on a bdog scanrun? Tiric: yep Tiric: I like it when I pick em months before they start showing up on the scans...gg alesisgb: think i got completely different hits Tiric: The scans have so many variations that it's hard to keep up with them all. alesisgb: yeah, gone ridiculous Tiric: Holy SHIT!!! FRNT is a MIMBO too Tiric: target is 11 alesisgb: but i must admit, i don't know what i'd do if i didn't have them to run as a starting point. Tiric: I bet it does a classic cup with handle and keeps going alesisgb: will check it in a min, got a scan started Tiric: The retest survival occured in October, when I first brought it to the thread. It's a good one. alesisgb: thought you said it was done! Tiric: Hey, sometimes I forget. LOL! alesisgb: lol Tiric: The chart is perfect Tiric: The BO came in July at 3 3/4. Tiric: 3 months of retest back to $3 Tiric: It broke over the Peg line at 4 1/4 Tiric: Since then, it's now completed a test of the 50 dMA and ready to rumble. Tiric: Overall volume uptrend is still in place as long as it doesn't tail off from here. Tiric: MTON has just verified success of the same type of chart that AMZN had about a year ago. alesisgb: check icnt for mimbo Tiric: Geez, there's too many stocks alesisgb: mton amzn what? Tiric: You read right alesisgb: pli mimbo? Tiric: MTON's chart is just like AMZN's was in Dec. 97 alesisgb: how so bendeco? Tiric: ICNT is not a MIMBO alesisgb: not? Tiric: How so??? Because it is. alesisgb: dohhhh, ok. Tiric: Look at the monthly chart of ICNT Tiric: No MIMBO alesisgb: check race for mimbo Tiric: PLI is hard to say. It might be a MIM that started in 8/97 that hasn't yet finished pulling back to a higher low yet. alesisgb: tps? Tiric: RACE was a MIMBO once before. It failed to reach the target due to volume weakness. It had a MIM top in 6/95 and a BO at 6 that retested for 2 months back to 5 1/2 when the retest survival on volume hit. It went to 25 which was $3 shy of the target. Now it has a new MIM set up but no BO yet. alesisgb: nice scan eh? Tiric: Tis MIMBO season....this is gonna be a killer 6 mos. Tiric: TPS looks like a MIM in progress. alesisgb: check this out, the monster size mimbo scan... alesisgb: AKLM pointa 12.25pointb 8.1875 AMEP pointa 10.8125pointb 10.625 CCAR pointa 5.375pointb 4.5 GTIM pointa 4.125pointb 3.75 HCH pointa 2pointb 1.9375 HMGC pointa 2.75pointb 2.25 IMGN pointa 3.125pointb 2.625 JBM pointa 7.9375pointb 6.625 LMLAF pointa 5.0625pointb 3.3125 OE pointa 7.125pointb 6.375 PLAY pointa 6.4375pointb 5.75 PLI pointa 2.375pointb 1.75 PRX pointa 6.6875pointb 5.5 TACO pointa 7.625pointb 7.25 Tiric: Yikes alesisgb: recognize a few on there...lol Tiric: AMEP is an HTF Tiric: CCAR...yes. That's a MIM...nearing the bottom of the right side. alesisgb: that could be second peak, on amep with first in late 97... Tiric: Don't know what to make of GTIM. May be a reverse split that aol didn't pick up. alesisgb: no gaps on my chart Tiric: Restaurant stock...most likely a reverse split. My chart must be wrong alesisgb: most recent reverse split, 2-98 Tiric: HCH...very interesting alesisgb: really? thought for sure you wouldn't like that one... Tiric: I just said it was interesting. I didn't say I liked it. alesisgb: actually i thought you were gonna say hch ? what the hell is lthat supposed to be?!!!!! Tiric: HMGC was brought to my attention 2 weeks ago by a St. Louis attendee. Tiric: IMGN is very good. Top of the list type stuff alesisgb: would you call those ihs's on the daily rsi's? alesisgb: for hmgc/ Tiric: Haven't looked yet. alesisgb: k Tiric: LMLAF may have a stairstep pattern. Just a min. Tiric: yep...LMLAF is a stairstep in transition. Tiric: Possibly in transition Tiric: OE made a lower right side low...toss it. alesisgb: yeah, was just wondering how that even made the criteria Tiric: PLAY is a MIMBO. Pretty decent timingwise too. alesisgb: this was hot some time last year, i remember the symbol Tiric: I think it's busting the Peg line here. alesisgb: not much retrace, more like a flag Tiric: yep alesisgb: nice higher low in the 13.8.8 too while basing Tiric: PRX is outside specs. alesisgb: dip too low? Tiric: TACO...bingo Tiric: PRX has some intervening price bars in the way between here and the all time high alesisgb: k Tiric: TACO is the best one Tiric: The scan should have hit HNV Tiric: I'm impressed with the JBM hit. alesisgb: they are based on time frame, perhaps the timing is different... alesisgb: the first one is run in 13wk segments, the second one i did here, is based around 26wk segments Tiric: TACO is right on. Tiric: Volume pattern is the clincher alesisgb: on taco? Tiric: Well I gotta snooze. If you want, you can post TACO as a MIMBO. It has also busted the Peg line...on Thursday alesisgb: k Tiric: TACO volume is exactly right Tiric: Increasing significantly as it runs up off the retest as the price uptrend accelerates. alesisgb: k Tiric: It's going to hit the target alesisgb: wanna just post the conversation?

To: Doug R who wrote (24864)	1/2/1999 9:11:00 AM
From: Omer B.	Read Replies (1) \| Respond to of 79230

Doug: Re JBM The JBM 89,3,5 dipped below 20 temporarily during the pullback from 80+. Our 89,3,5,scan would have missed this one due to the 20- short visit. Any thoughts on relaxing the 20- pullback condition (e.g. # of days below 20?). I am really excited about the depth of information you can extract from 89,3,5. Just improving my TA 101 level learning! Thanks for your help. Omer