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: John_W who wrote (8298)	11/24/1997 1:22:00 AM
From: Doug R	Read Replies (2) of 79559

John, I have a problem with my wife's IRA account too only the problem is, that's the one with all the really good trades. >gg< Anyway, CADE may give you a shot at the graceful exit this week. There is a real dent in the TA over the last month and a half. The uptrend along the lows on 9/16, 10/28 and 11/13 had pretty much defined the worst case price until Friday. I checked the chart for the IL and found that it was violated on 9/26. The lows on 9/26, 10/6 and 10/14 all found support on the top side of the IL which was running up at a rate of 4 pts. every 10 or 11 months. CADE's prospects were good but not that good. Right now it's doing the IL reaction thing aggravated by lower margin and apparently more insider selling and may not be able to recover properly. It may not go much lower here but the flight may be delayed for a while. The 56 portfolio will use the small bounce this week to sell. Doug R

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