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

To: Samy7 who wrote (26153)	2/2/1999 5:54:00 PM
From: Doug R	Respond to of 79296

Samy, As a MIMBO, JBM's target is its previous all time high of just over 33 in 1989. About a month ago I added that a MIMBO remains valid as long as a longer term stochastics avoids becoming oversold. A "tight" set of stochastics parameters for that would be the 89, 3, 5 while a 233, 21, 34 can be used for those who are really "convinced" that the stock has "great" fundamental potential. SPYG, after nearly tripling since becoming a MIMBO (and, in so doing, violating its IL), has been victimized in just such a manner so that one has been removed from the MIMBO portfolio. In case you've missed the posts containing the link to the MIMBO portfolio (those I'm aware of anyway): techstocks.com You'll notice the breadth numbers on that list are 10 up and 9 down today. MIMBO's tend to outperform the market and when the breadth of that list goes decidedly negative on a weekly basis, that may be cause for concern re the overall market. WAVX would be on that list if it were not a BB but I'm sure that if Trippi is correct, it will get itself on there as soon as the Naz listing comes. One very unique note about WAVX is that it's both a MIMBO AND a cup with handle breakout at the same time. Now that's cool. Currently, WARPF is in the best position in relation to the formation involved. Doug R