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

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To: ivan solotaroff who wrote (37501)11/14/2000 12:54:52 PM
From: Doug R  Read Replies (2) of 79317
 
Ivan,

I do believe you're on the right track. As the Naz made a lower low, the other major indexes did not. Today has the appearance of confirming that non-confirmation so any higher lows from here will walk things up for a while...imo.

On a more specific note...that ARNX I got way back when at 4 3/32 put in a very strong buy signal on Fri. No follow-through yesterday. Continued lack of follow-through today. I'm taking that to be a failed buy signal...which is, of course, a sell signal. I'm out.
I've added to LTXX.

Doug R
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