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: Esteban who wrote (9943)	1/3/1998 6:37:00 PM
From: Doug R	Read Replies (2) of 79180

Esteban, This looks like a good place in the flow of tremendous work you and Ivan are doing on the PGDCEB to interject a possible (well, likely) solution to the early break of initial uptrend and the premature exit dilemna. So far the PGDCEB has been discussed on purely charting techniques alone. I would now suggest adding some technical analysis to the decision making process in the form of the intraday Bollinger Band/RSI combo. If a break of the price trend is accompanied by an oversold RSI reading while the lower Bollinger Band is being tested or violated, a hold would result while setting a stoploss that allows for only slight price deterioration from there (possibly 5% below the value of the lower band). For extra added aggressiveness one could consider adding to the position at two upticks from the low of the uptrend violation if the BB/RSI conditions are met. Doug R

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