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

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To: Esteban who wrote (9113)12/10/1997 11:41:00 AM
From: ivan solotaroff  Read Replies (1) of 79364
 
Esteban:

I guess yesterday did qualify as a signal day for TRKN, but I wouldn't have bought. The new low at 3/4 and subsequent bounce to 13/16 was a small push-up (on 20000 shares) from a previous low of 13/16 on 12/5, which technically makes it less strong of a signal--to me, at least. I would've been wrong (there's a current profit-making situation at hand), and if the market were better today, maybe TRKN would've been a 20% winner. Maybe it still will be.

BTW, By my charts, MMGC and SSAX did not gap.

Keep slugging,

Ivan
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