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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 (29741)	5/19/1999 11:02:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79459

Mike, Draw a line from the low on 3/22 along the low on 4/22. That's what the chart is currently dealing with. When it was first brought to this thread at around $5 I noticed that the chart was telegraphing a move to around 19. That's when I really liked IATV. That was before it was in Fortune Magazine. It looks like Fortune is a bit late on getting around to IATV and I don't really put a lot of faith behind using a story to project price movement when that happens. It's usually the case that the info already built into the price. I just do TA anyway. If you're "only" up some 800% on it...that's great but I hope you're not expecting another 200 day 800% move. I'll maintain that 25 1/4 will be the top for at least several more months. That price discounts the most optimistic fundamental view looking out that long. If you need me to explain it yet another way, let me know. It'll still be good for trading while it develops an intermediate term chart pattern from which to set up a possible breakout. Doug R