today's chart Message Board

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Strategies & Market Trends : today's chart

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To: MechanicalMethod who wrote (1174)	10/22/1998 2:47:00 AM
From: Doug R	Read Replies (2) of 1267

OSCI, The trade on ABTE is not one of the daytrade variety but more along the lines of a position trade. The uptrend line at the base of the channel may very well not be retested but if it is I will avg down and tighten stops. One curious thing I found today while trying to find any chart, Fibonacci, Gann, or Doug R significance for the low today to be so stubborn at 4 1/2 is that 4 1/2 fell into an area of absolutely no technical significance. I'm taking that as being significant in itself; ABTE found a price that exists as a "hole" in the TA. Something new occurred. Claud is sorely missed. It's very much a shame that twittering neophytes are allowed freer reign on SI than true contributors. I understand Claud's exasperation and when the dark cloud from the underworld of id moves on, maybe Claud will return. Doug R

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