MDR is one of the strangest charts I've ever seen. It's doubled and fell half a dozen times since the early 1980's. It's bizarre.

This is definitely a stock I'd want to look into in terms of "the story". What's its story?

If there were a way to read this chart reliably, then it's almost as though it's an automatic money maker on a regular basis. Probably one could buy in at the historically similar lows and sell at the historically similar highs and have a nice little part time income. Very strange case.

One of the reasons why I like the chart formaiton so much is I know history will repeat itself and the 100% profit is a given. Based on TW.

One of the reasons why this stock has suffered of late is because of an asbestos case against it because the subsidiary, Babcock & Wilcox has filed for Chapter 11 protection. So now those employees have tried to hold MDR accountable.

The ruling this week was a rejection by the courts. Since that strain has been relieved from the stock and the projections of doubling their year-end earnings it should just be a short time before it really takes off.

The other reason why it is continuously fluctuating is because their profits rely on oil and gas maintenance. Typically that is a big see saw. However, they have signed with BP Amaco to manufature platforms for Crazy Horse (the larget quantity of oil found in the Gulf of Mexico). Not to mention they do other things like defense work.

If you notice on the chart after the last drop in 99. It produced its short base accumulation in 2000 and started a false rise in January of 2001 (topping at 16). The filings were already there. The paper read it would be too soon for MDR to be profitable without knowing the outcome of Babcock & Wilcox. So the next week it came right back down. Now I see a short, 45 degree triangle in 2001, I am convinced, now that this has broken out above $10 it is on its way up.

This scenario is similar to 1988 w/o the one year accum base.

The other little things i like is; it is part of the S&P, and it has never had a distribution. I know you don't want to hear it but it has technical and fundamental strength. It has beaten the street for projections. All these elements play a role to the public....I guarantee on the first 2 or 3 point rise there will be no looking back....at least not for another year (Ha).

Best investing to all, Dot

When it hits $17, I might get in. And I'll wait till $34 to get out. Hopefully, the rise will be rapid and not much longer than 18 months. That's a bit less than 100% per year but it'll do.

Dot's analysis is interesting. Thanks for the background! I'm still not comfortable, though, with this stock and the way it's moving, as far as understanding it via TW. It's a different breed of TW stock, if it does indeed qualify.

If the stock repeats itself isn't that in and of itself a TW...or is that only if you can find another company based off the same formation.

I have no doubt, I am in waiting....

DJ

Dot, I don't know the answer to your question. The fact that this stock has recurrent patterns is odd, to me. I don't know what Ted would say. I think there is more to be said for patterns that are LIKE other stock chart patterns. I don't know of any stock charts that look like this one.

More Ted expertise is required here than what I have. I still need to reorder my book and reread it.

Bottom line here-- I don't like this stock and I would NOT get in based on it's action. It's not a typical TW and I'm more interested in typical TW at this time. I'll continue to watch what you do with it, though.

When it hits $17, I might get in. And I'll wait till $34 to get out. Hopefully, the rise will be rapid and not much longer than 18 months. That's a bit less than 100% per year but it'll do.

Dot's analysis is interesting. Thanks for the background! I'm still not comfortable, though, with this stock and the way it's moving, as far as understanding it via TW. It's a different breed of TW stock, if it does indeed qualify.

TMDR has been in a higher level consolidation as far back as my chart shows.
With the end just previous to 2000.
From 2000 to present is that quiet action Ted Warren referenced in his book.(page 39)
If i am unsure of a chart action, even after study, i will ask myself how the price action affects the public. Often, that clears it up for me.

Hope that helped.

Sammy So-So

Proofreader (me) missed that one

shoulders from 2001 until now.... I am waiting patiently to see what its next action is.

Any believers?

The head and shoulders look good to me.
Was that high volume / sharp drop a distribution? If it was, the base may not be long enough yet. If it wasn't, then it was a shakeout. WOW! A shakeout and head / shoulders formatation coupled with a resistance level around 35 and this thing could skyrocket! JMHO