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

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To: Dave H who wrote (8387)11/26/1997 3:54:00 PM
From: ivan solotaroff  Read Replies (1) of 79378
 
APCO is a prairie dog

"I do think APCO is going UP really soon!"

Dave:

I agree with that and would buy now, except: I believe that any real move up will be presaged by a few days of moving up and retracing. That, to me, is the buy signal. Like a prairie dog, this guy always seems to stick his head up and pull it back several times before advancing.

Ivan

PS: Your mention of the 6 1/16 in your pessimistic (b) scenario makes me wonder: Do MMs have to wait on upticks before shorting, or are they exempt from the rule?
PPS: LOVE your posts. I'd bookmark your profile if it didn't have so much pride.
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