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Strategies & Market Trends : WELCOME TO THE CATHOUSE
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To: Doug R who wrote (35)8/9/1999 11:38:00 AM
From: ivan solotaroff   of 1065
 
TRL

Doug,

Not to butt in, butt:
TRL was only on Day 13, and of a double gap at that:
bigcharts.com
The new "low" is still 15% or so higher than the old "low," which, as you know, I'm strongly in favor of retaining as the official "low."
My reasoning: you can look at the two gap lows as the potential bottom points of a "W" double-bottom pattern bigcharts.com If I remember my Charting 101, you always want the second point of a double bottom to be below the first.

Ivan
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