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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 (26537)2/19/1999 5:49:00 AM
From: Doug R  Read Replies (2) | Respond to of 79202
 
Bdog,

Have you given the MIMBOfolio charts a look over the last 3 weeks? As I said before, MIMBOs, just like any stocks, are short term market sensitive. The DELL blowoff top caused a lot of garbage on a lot of stocks. I think Ivan characterized it well when he commented on how nasty things were while I was away. Now that the 13 dRSI system on the Dow has "matured" to some extent, the values I mentioned the other day are still at the crux of things. If a market buy signal is seen in the 13 dRSI system, that darn MIMBOfolio will be a great place to focus on. If you're not yet familiar with those charts, now would be a good time to start doing so. SPNSF may be the first out of the chute. The rest won't be far behind though.

I should probably drop the raggedy volume ones. If I don't, just be aware that volume is an important aspect of the formation.

Doug R