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: Doug R who wrote (6848)	10/31/1997 5:56:00 PM
From: Ocote	Read Replies (1) of 79273

Doug-- Though the market as a whole has not broken completely, some sectors have. My instinct, not informed by a great deal of experience, is to short the industries clearly broken down, selecting individual stocks that have the best(worst) individual technical profiles. Meanwhile staying long in the POW's that clearly have shown the ability to weather the downdrafts and bounce back. If the market rallies weakly I'll take profits on the longs and short more. If the market sinks I'll take profits on the shorts and pick up depressed POW's. I have to rely on you and more experienced TA to determine where the market is going. Octoe

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