The 56 Point TA; Charts With an Attitude Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ivan solotaroff who wrote (9116)	12/10/1997 12:49:00 PM
From: Esteban	Read Replies (1) of 79352

Ivan, Now I'm confused about the requirements for the 30% gap down. BTW, By my charts, MMGC and SSAX did not gap. MMGC closing price 6 5/8 on 12/8. Open on 12/9 at 5. -25% opening gap. Low for the day at 4 giving a total range for the day of -40%, and a close to close loss of 34% SSAX has similar percentage numbers. Are you saying that the gap itself must be 30% or greater and additionally be entirely clear of the previous day's low or the gap day's high? I've been looking for stocks that close 30% down and have a significant gap. This is what I interpret from Doug's excellent post from yesterday where he says "30% gap from one day to the next", implying not more than one day. Enlighten me on this point. Esteban PS. No question about VVUS, that's for sure. PSS.. TSEMF giving a signal today if it rallies from today's low. I know you want to steer clear of the semis, but as a pure PGDCEB play I don't think we should additionally filter the candidates, at least as far as paper tracking goes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next