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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Michael L. who wrote (9403)12/18/1997 4:01:00 AM
From: Doug R   of 79420
 
Michael,

Thanks for the plug on the seminar. I'm happy you are finding it so useful right away!

As for AGPH you have to redraw the triangle across Wednesday's high which puts the current apex at 12/23. After a large gap down like that, you are likely to have a longer wait than that so I expect the lines will need more redrawing in the near future. It's close to being a PGDCEB candidate (not quite a 30% gap down) and it will probably behave more like one of Ivan's feline freinds than a triangle breaker for now. Keep an eye on it and try to develop a feel for the chart as it plays out what will come.

Doug R
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