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

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To: Dave H who wrote (9632)12/28/1997 1:35:00 PM
From: ivan solotaroff  Read Replies (1) of 79371
 
Dave:

Don't have much time today, but I did take a look at the relationship between accelerated downtrends and signal days and there does seem to be a strong correlation. The term "accelerated downtrends" has to be clarified with PGDCEBs of course, because the gap day IS the ACDT; I'm looking at the angles that are most obtuse after the line of that gap (which of course will be shortly violated), and finding correlation for a) timing and b) the strength of the temporary uptrend. Will look into it when I have more time, but I thought I'd throw it out in case it helps make a decision between now and then.

Ivan

PS: OXHP, which deserves the hammering it got, is nonetheless almost 80% off from its pre-gap day and is going screaming into the jaws of the cat. I will sell ROMT and my loser BB stock with no regard for loss taken if OXHP signals.
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