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

To: freelyhovering who wrote (29287)	5/8/1999 9:28:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79308

Myron, Thanks for checking those guys out. A technical breakout on MIMBOs has a greater success rate than on your average stock. Especially when there's a short term continuation patter on the price chart to go along with it. SNRS has the best structure of the 4. Then there's the situation of hitting a low in a base or consolidation as BNYN may be doing now. This is more of a patience kind of thing than tagging a breakout though. The trade-off you get for having to endure patience is that the % potential is greater over a 3 to 5 week period. To get a feel for what I'm talking about, check out the activity on BNYN from the base bottom on 1/5/99 and again from the bottom of the next base on 2/18 (or 3/9 when it double bottomed). Technically you would look for an oversold 13, 8, 8 while the 89, 3, 5 avoids oversold. Here's the link again for the MIMBOfolio for anyone interested that hasn't seen it yet. They are all in varying stages of progress toward the target but the buy points on them show a common technical and/or chart profile as described above and by your previous post. I'll go through it again tonight to "clean it up". That involves removing any that have had the 89, 3, 5 sto drop to oversold levels since the initial buy point or any that have reached the target. techstocks.com Thanks again Myron, Doug R