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


To: bdog who wrote (25457)1/16/1999 5:05:00 PM
From: Doug R  Respond to of 79214
 
Bdog...again,

Sheesh...you're really busy. Ok...2 beef flavored momentum chewies. Here ya go...good dog.

ACEC...Should attempt to put up a MIM here. That would take a move over 10 1/2 so for now that would be the technical target. If it gets over 10 1/2 it should be put on a long term watch list to monitor the pullback from the peak.

BULL...A classic cup with handle breakout that is currently retesting the breakout. I really like how the bottom of the handle is the same price as the top of the MIM. Those are the best kind IMO because everything cross-verifies. The MIMBO would have gotten you in at 1 7/8 in Feb. 95 and out around 4 in Sept. 95 if you used the sell before the very top of the target is reached rule of reasonableness.
If it survives the retest with good volume, it's a screaming long term buy. The fact that it was hit by the scan is very encouraging.

Well, it's time for a break. I'll be back in a bit with the rest.

Doug R




To: bdog who wrote (25457)1/16/1999 5:21:00 PM
From: freelyhovering  Respond to of 79214
 
bdog--Interesting list. I like HPRT the best based on 233/21/34, breakout from congestion,10day MA crossing 200day, as well as improving BOP, MoneyStream, and TSV from Worden's system. Myron



To: bdog who wrote (25457)1/16/1999 10:41:00 PM
From: Doug R  Read Replies (1) | Respond to of 79214
 
Bdog,

Getting back to the scan hits:

DEMP is very interesting. This thing is very probably a MIMBO. I'll have to check a couple key dates for the lows first. If it is, the high on 12/30 set the Peg line.

FSFT...I'd like to see some real monster volume on it. It would be one to watch for that early in the day.

HPRT...Way too much selling into that spike on Friday for my liking here. Something's definitely going on though. Watch it closely next week.

NCES...likely has more work to do in the trenches before it gets serious.

UHCO is already starting to lose the battle of the redrawn uptrend lines and has a lot of downside risk. The chart shows a possible next leg up but the longer it takes to get going, the lower the probability that it will do so gets.

Check out MDWY and EATS.
With Instock positive on RLLY and EATS now showing up on my radar while some other stocks in the group are MIMBOs has to say something about a definite trend underway in these guys.

Doug R