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Strategies & Market Trends : WELCOME TO THE CATHOUSE
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To: sjemmeri who wrote (1016)9/5/2001 4:29:41 PM
From: ivan solotaroff  Read Replies (1) of 1065
 
Steve,

If I'd been hanging around, I might've taken a chance on NT when it climbed up from the low 5.60s that final time, particularly inasmuch as the 8m RSI had put in its third higher high/higher low.http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=NT&country=USA&size=640x480&frequency=2+minute&type=Bar&color=Graph+Paper&scale=Logarithmic&overlay=exponential&moving1=50+minute&moving2=20+minute&moving3=10+minute&bollinge
(Go down and click the RSI for 8, and you'll see what I mean. I find that almost infallible for at least a few ticks of breathing space, usually enough to get out with no more than a minor commission loss if there's no follow-through. I also use the 50, 20, and 10 minute MAs, and when they align properly along with the RSI signal, it's a big shot of confidence, quite the necessary thing when playing any stock long for ANY length these days.)
It's a very low price for that stock, and it was a bona fide cat signal.

Ivan
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