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

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To: Esteban who wrote (9925)1/2/1998 11:17:00 AM
From: ivan solotaroff  Read Replies (2) of 79183
 
Esteban:

Happy New Year.
The line you drew, incidentally, is the accelerated trendline. It would be interesting to know if this, as a general rule, is the line to start drawing the moment a PGDCEB shows signs of being a runner (instead of the slow burn that my SGI is proving to be). If that's true, of course, one would have to set up another rule about whether a single violation of the line is THE sell signal. After ignoring a clear sell signal with RECY and getting almost a full point by waiting for the second one, I'm tempted to think that Sell Signal +1 might be the way to go (with close stops of course). I've already forgotten, but I think OXHP already violated your line once.

Ivan
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