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


To: milesofstyles who wrote (26829)2/27/1999 4:57:00 PM
From: Doug R  Read Replies (2) | Respond to of 79230
 
Thanks Miles,

Nice list. I'll see what comes out of a verification run-through.
I notice you left one off of there....so I won't mention it. I can see why.

From my own surfing I have quite a pile of potential goodies.
5 new MIMBOs...

CATH is in the retest stage...needs a high volume move off the major down trend line

DEBS which quickly set up a Peg line at nearly 16 after a BO two months ago at just over 10 now needs a chart pattern to set up before making a move to break over the Peg line.

DEMP which quickly set up a Peg line at 9 after a BO two months ago at just under 5 also needs time to put in a pattern.

DGIT broke out at 6, ran over 9 to set the Peg line and is just now getting to the retest. It now needs a high volume move away from the retest area. This one would go fast if the volume came in.

Then there's IAAI. Breakout was nice and mild. Retest was thorough. Friday was very likely the first day of the high volume move off the retest. Tons of technical positives for timing here. Excellent 4, 3, 2 uptrend hinging at the bottom of yet another higher low. 13, 8, 8 about to enter the ballistic zone. 89, 3, 5 set to knee off an up trending neck line of an IHS which it has already broken above. OBV, MFI, PVI/NVI and AD are all very solid. MACD is just entering screaming buy signal mode with that long term uptrend just about to cross 0 while the indicator is crossing 0 with high volume support on Friday. Other stuff too. I like it.

Link to mimbofolio:

techstocks.com

Doug R