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 (10050)	1/5/1998 12:36:00 PM
From: ivan solotaroff	Read Replies (1) of 79180

Doug, Thanks for the concern for SGI. It's actually doing well, on its own little speed. It's not a dead cat bounce (OXHP ISSS, wow!), so I'm just treating it as a normal investment. They report earnings in three weeks, so I'm super-wary; what we're going through now is the third retraction from an upside-down U pattern, and on the last retraction it double-gapped. First sign in price movement that pre-warning is impending and I'm out. I probably should be now. I'm tempted to call APM a PIS (Pig-In-Slop). I think it's an extremely dangerous play, and would treat any buying after a spike like Friday's as chasing. Once you come up with a true read on it, six months from now, I'll be happy to search my soul for a better acronym. Ivan

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