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

To: curtis christopher who wrote (29372)	5/10/1999 8:36:00 AM
From: Doug R	Respond to of 79459

Curtis, I first noticed ASTN when I was mostly running through all the symbols that started with A. It was a buck at the time and the TA on it showed it had prospects to be a great long term buy. Over nearly a year it progressed to complete a MIMBO formation which gave it a target equal to its previous all time high of 15 1/2. When it hit 14 1/4 it ran into a trend line dynamic I call the impossible line (IL). Target-wise 14 1/4 is close enough for me AND the violation of the IL pegged it as a short. SO...for now, it's in the grip of IL violation, it came close enough to the target and the general bias on price direction is most likely to be down. Does that help? Doug R