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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 (26757)	2/25/1999 3:31:00 PM
From: Doug R	Respond to of 79507

Allan, OREX Not yet. It would still be considered a MIM in progress. There's got to be a discrete period of separation as seen on a monthly chart between that recent high of 3 and a pullback that goes no lower than 1. Of course, it may set the top of the MIM higher than 3 but until there's a real pullback as seen on the monthlies, any short term move higher would still be part of the MIM building process. It's a rather long and drawn out process involved and it can't be rushed on a perceptual basis. It's not hard to fall into a MIM trap...TFCE was the last one I fell in. It's been since July '98 for that one to finish the formation and finally, truly break out. 7 months from top of MIM through a definite pullback as seen on the monthlies, then the BO at the end of Jan. It's a patience thing. Doug R