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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Michael L. who wrote (9882)12/31/1997 12:47:00 PM
From: Esteban  Read Replies (1) of 79230
 
Michael,

I like your play of ORCL. I mentioned in an earlier post to Doug that shorting early PGDCEB signals after the runup seemed like a very profitable venture, since many of them continue to signal periodically for several months, meaning that there is a high likelihood that a new lower low will be forthcoming. And the new signal allows you to exit or reverse your position at almost the very low.

The big question for me about this technique is whether this behavior is specific to our recently volatile market, or do many cats continue to signal even in strong markets.

Esteban
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