The 56 Point TA; Charts With an Attitude Message Board

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

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To: curtis christopher who wrote (31341)	7/28/1999 1:17:00 PM
From: ivan solotaroff	Read Replies (1) of 79230

WMI Curtis, Good catch. Technically speaking, this morning's gap disqualifies this putative signal: bigcharts.com If other indications were strong, I might overlook that and play this anyway. But they're not: Yesterday's volume of almost 6.4m, for one thing, may indicate the beginning of a rounded bottom, which would quite possibly shake you out over the next few days; also, it's currently down only 2.1% from yesterday, also indicating gradualness, rather than EB. But the day's young. Look at MCK, a similarly priced stock which has had a similar history since its gap. bigcharts.com There was also one "signal" after a small secondary gap that would've been good for 5% to 10% if played maximally. That's just not enough to offset the risk, or to change the fact that this cat is probably still incubating. Ivan

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