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

To: ivan solotaroff who wrote (25543)	1/18/1999 3:23:00 PM
From: Doug R	Respond to of 79308

Ivan, The technicals on AKLM don't say that it can't recover. They don't say it will definitely recover soon though. The intermediate and long term profile is still intact but the short term needs some work. Price-wise it looks like it needs to see a volume supported move off of 10 1/4 to 10 3/8 anytime in the next week or two to show it's still on track. As a MIMBO (quasi), the potential remains as long as the 89, 3, 5 doesn't go below 20. MIMBOs are great for short term trading but you have to keep in mind that it's an intermediate to long term dynamic at work on them and develop your particular strategy accordingly. Doug R