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

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To: ivan solotaroff who wrote (30794)7/7/1999 12:00:00 PM
From: Doug R  Read Replies (1) of 79241
 
Ivan,

I'm going to have to say that OMPT doesn't have a good ACT to work with. I looked everywhere on it for one. BUT the IL-like line resulting from the ACT-like activity you pointed out will probably result in an opportunity to trade it short at some point soon.
I'm working on the possibility that there may be some DeMarkian kind of price bar method to better identify a violator's top day. Monster volume does work well when it's painfully obvious but has a tendency to be subjective at times.
I'll definitely let you know if I come up with something.

Doug R
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