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

To: mike.com who wrote (28755)	4/25/1999 3:27:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79202

Mike, Sometimes it's "problematic" for me in that the internut stuff is definitely not the norm. The TA stuff I developed is for the "normal, run-of-the-mill breakout candidates that offer 30 to 50 (sometimes 200) % opportunity in anywhere from one day to 3 months depending on the particular chart activity. When the internet craze tops out, the stuff I do will still work. A lot of internuts appeared on this thread before anyone even knew there was about to be an internut craze. AMZN received a healthy table pounding here at a presplit $9. I even touched on AMEN under a buck nearly a year ago. Recent internut breakouts here include PNLK at under a buck in Jan. and MACE at about $3 a few weeks ago. I'm very optimistic about FLYR here. When the scanmeisters began to come out of my seminars, just about every internut breakout was nailed very early by the scans they developed. IATV first came up on their scans at around $3. I guess my point is, even though there are stocks out there that get huge media attention and go nuts, there's really nothing wrong with 30% in a month or two, especially when a bunch of 30% in a week or two gains are mixed in. I think a big problem that has to be taken into account with these internuts is the poor performance of the on-line brokers. Chasing EBAY on a 20 point day using an on-line broker is suicide IMO. Most people using on-line brokers that have been burned chasing an internut will very likely not buy an internut again. There's safer ways to trade than trading the nuts. Just because a stock is up 25% today is no reason to buy it tomorrow. What this thread tries to do is buy that 25% stock yesterday. Now that IATV has made a one day 25% move...it's probably not an optimal risk/reward scenario in the very short term. Anyone that is holding it for the long term is doing so for their own reasons. Anyone considering entry should probably pay attention to the chart over the last week and put that in context of the entire chart history. If I see an optimal entry situation for IATV, I'll definitely post it but it won't be because IATV can be compared to the internuts. It'll be based on the chart stuff I do. The 800% that IATV did in a very short time is nearly as much as AMZN did in a longer time. You have to try to maintain perspective. I'll be stalking ICOC, OREX and USDL on Monday. Potential gain for the week on any one of those is what I normally look for in any stock and at least one of them will really kick ass.. Internuts can do whatever they want...I'll do what has always worked for me. Doug R