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

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To: Dave H who wrote (10210)1/9/1998 3:08:00 PM
From: ivan solotaroff  Read Replies (3) of 79237
 
EDITED--DAVE

Dave,

I'm writing this because of Mario's post about congestive cat-failure, which I take real personal.
In no wayshapeorform to say, "I told you so," but just to learn: I think I know the shape of the bottom that makes cats jump, and DAVE wasn't it. There should be a very small down-angle in the days preceding the signal day--the optimal ratio of flat days to down-angle days is unknown to felinologists at this point, but it should be really easy to find out. Dave was too short (in only its fourth week on "signal" day) and too steep. Volume, to me, was a big problem too: DAVE's rise was halted by a 30,000 sale today. $210,000 should not be enough to kill any cat. For that reason, I might just stick to larger caps for the time being. Lord knows, the cathouse'll be full enough with the current high-paying clientele.
If you just look at the successful charts long enough, it'll become ingrained. I got into the PGDCEB strictly because Doug said it was 100% fool-proof, and I'll stay in it until that's proven false. DAVE was not proof.

Ivan
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