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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Esteban who wrote (8347)11/25/1997 2:17:00 AM
From: Doug R  Read Replies (3) of 79378
 
Esteban,

At each PGDCEB signal that SGI has produced, the stock made a hitch up. PGDCEB signals don't mean that the stock will catapult to new highs. It's a short-term trading tool. If SGI doesn't gap at the open tomorrow, it will make a good short-term trade as long as you watch the uptrend line. A 5 minute chart would probably be very useful. As far as PGDCEB stocks go, SGI has been very cagey and buying toward the close of the signal days it has produced would have been the best strategy so far. Of course that takes the diligence required to be on top of it at the close every day but it's been consistent. As long as SGI keeps putting up the signal, the PGDCEB play will work for the nimble.

Doug R
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