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: ivan solotaroff who wrote (10305)	1/9/1998 10:37:00 AM
From: Esteban	Read Replies (2) of 79237

Good morning Ivan, Thanks for your insightful and thorough treatise on the volume patterns that preceed PGDCEB signals. This is the best attempt to separate the cats from the dogs when both species signal I've seen yet. Re: ORCL specifically. Yesterday was NOT a signal and I wasn't implying that any action be taken on less than a full signal. I just wanted Michael to be on short covering watch. However if the volume had been just a few hundred thousand shares higher on over 16 million shares, it would have qualified based on the parameters we are now using. It might not have been a signal that you or I would have traded, but a signal none the less. It will take some time and effort to ascertain whether we should further limit the signal parameters to hopefully further reduce risk. We could be reducing opportunity even more. Remember that we didn't like the OXHP signal at the time ... too close to the second gap. ORCL may be on the table again today. It's trading with high volume. Time for a crash volume pattern study. Esteban

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