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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 (30025)	6/2/1999 4:25:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79230

Wart, ARRRRGGGHHH, I screwed up and lost a really long and involved response on CCUR...arrrggghhh!!!! I used Linear regression to work up a channel on it. Since it's a unique chart, I had to get creative with it. I'm sure you're aware that it's been mentioned by myself and several others on the thread for about a year now. Anyway...draw these lines... The low on 2/7/96 across the high on 2/3/98...this is the "median" line. The low on 8/1/97 across the low on 8/5/98...this is the bottom of the channel. The high on 2/9/96 across the high on 10/24/97...this is the top of the channel. Measure the distance from the top to the bottom and add it to the price where CCUR just broke over the top and you get your target. Grrrr...I can't believe I lost that post! Doug T