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

To: Alski who wrote (26505)	2/18/1999 2:33:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79227

Al, You got it. Excellent read. I'm not quite sure you know what your read tells you but I know what it tells me. >>gg<< Now here's a really good one for you; EXBT. I realize this is stretching things for you BUT...I have to be more cruel than David just to keep up appearances. I've suggested DeMark's, "The New Science of Technical Analysis" on occasion. I've found that his stuff on supply lines and demand lines is the strongest part of his work. Now I don't expect that you know exactly what I'm talking about but here it is; Breakouts above a DeMark supply line very often lead to an advance equal to the distance from that line to the lowest extreme below that line. Basically this method pegs a regression line "on the fly" so to speak. EXBT's technicals indicate a high probability that a break over the DeMark supply line will occur. Using the targeting methods I conveyed to you in Orlando (I hope you remember), can you arrive at a target that EXBT should achieve in the next week or less? The target DeMark's method hits is the same as the target my method hits. They verify each other. One hint...it is not very likely to be over 7 but should be at least twice a BLT. Doug R PS, I was informed today that at least one trading firm in NY actually thought my suggestion on Feb 2 to go with puts on DELL was "laughable". heheheheh

To: Alski who wrote (26505)	2/18/1999 9:04:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 79227

Alski good one buddy. I see it as a possible short term trade myself. Intraday kind of stuff. It will likely take a few days of base before it pops again but it is probable it will return to the overhead dtrend in the high 27s low 28s. You DID learn sumtin One critique: I did not see a volume study in your read. Look at the chart on a weekly scale and you can draw a overhead dtrend above the volume bars from June of last year on. If KNDL continues to stay in its triangle the volume will tell when a breakout is for real ht david