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

To: Michael L. who wrote (29955)	5/29/1999 2:19:00 AM
From: Doug R	Respond to of 79233

Michael, Take a look at IBM's 89, 3, 5 and the and the 233, 21, 34 stochastics. Couple that with the major breakaway gap on 4/21 and the obvious increase in volume since 1/19 and it boils down to the next day that you see volume over 11 or 12 million on a move up. That will be the last best chance to GTFI (get the "fructose" in). Draw a line from the high on 1/20 across the high on 4/27. Looks like a major event to me. The price is still well within the area of best advantage for that line. If used as a stop, the line allows for minimal risk. Used as the indication that is evident, it telegraphs significant upside for some time to come. Doug R