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: Doug R who wrote (9154)	12/11/1997 11:25:00 AM
From: Esteban	Read Replies (1) of 79375

Good morning Doug, I've been trying to systematicaly stalk the PGDCEBs and hopefully report progress here on the thread. Thank you for your recent excellent post describing the process in detail. Can you clear up one question for me about the gap itself? Must the opening gap itself be 30% or greater to qualify, or are we looking only for a 30% decline in one day with a significant opening gap? Example: MMGC opens 24% below previous day's close. At the low for the day it is down 40% from the previous close. It ends the day with a 34% loss. Is this a PGDCEB candidate or not? A simple yes (it is a PGDCEB candidate) or no (it's not) will suffice. Esteban

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