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

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To: Doug R who wrote (7544)11/12/1997 2:38:00 PM
From: ivan solotaroff  Read Replies (1) of 79383
 
ACTM

Doug:

Not sure I got this straight:

"The higher low you are waiting for."
Higher low relative to what? the low before the signal day (i.e., yesterday)? If so, does that mean the trendline can only be drawn from the pre-signal day low to a higher low? And if true, does volume play a part in the decision to buy?

Ivan

PS: Coincidentally enough, a major article in yesterday's IBD focused on ACTM's 10/10 plunge as a way of using charts to determine "uncle" points.
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