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


To: ACAN who wrote (26700)2/24/1999 3:51:00 AM
From: Doug R  Read Replies (2) | Respond to of 79270
 
Yikes, Allan,

I'm extremely embarrassed about top ticking TFCE at the peak of its MIM. I fell right into the MIM trap by not recognizing the fact that it had not shown any discreet top and pullback to a higher low on a monthly basis when it hit 3 several months ago. At this time, however, there is a definite MIM in place and recent price activity has broken above the major down trend line. The key component from here is volume. I have been hesitant about adding TFCE to the MIMBOfolio but since you've dredged it up, I now must do so. Sheesh...thanks.

Doug R