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

To: Warthog who wrote (29963)	5/29/1999 3:26:00 AM
From: Doug R	Respond to of 79236

Wart, Go to the seminar manual. I covered the return to uptrend in the manual with the chart of VOXL Unfortunately that one's no longer with us but the chart in the manual is still relevant. VOXL ran 40% in the week immediately following its return to uptrend. I covered successful retest of significant uptrend with APCO. APCO took off from a low of 5 in the weeks following. (that was the July '97 correction) I last covered the technical stuff with CMNT. The seminar you attended did not feature CMNT's behavior since that occurred after that seminar. You'll have to apply the technical stuff I brought to LA to CMNT and use its behavior just prior to, during and just after the correction of the Fall of '98 to better grasp the implications of a snap technical turnaround of a stock which had an attitude going into a correction. At the time I first used CMNT, the '98 correction was in full swing and CMNT was screaming "buy me!" in the 2 weeks before the correction got serious. As I built the technical presentation around CMNT, the correction provided an excellent opportunity for me to illustrate the effects of a correction on even the strongest technical profile. The run that CMNT put together (from 4 3/4 to 29 in 6 months) has become a great example of the "snap turnaround" in the technicals of a stock that was hugely attitudinal going into a correction. Just remember...a correction takes nearly everything out to the woodshed. Most of the stocks that emerge to regain what they had going in, actually, truly, really and decidedly...deserved what they had recently accomplished before the correction. After all...since the ones that get it back do get it back, then they must have already had it. The ones that don't get it back were froth. Doug R