STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE Message Board

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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: ChrisJP who wrote (1509)	1/10/1998 8:27:00 PM
From: Doug R	Read Replies (1) of 2377

Chris, The PGDCEB strategy is designed as a short-term trading technique that spots where a technical bounce will start. If ORCL has a signal day in the very near future it will more than likely trade up for however briefly that may be. The top of the technical bounce would then be used to sell and short the stock. Once a PGDCEB has been established, every move up or down can be used to best advantage. We currently have over a dozen stocks nearing a signal day and it will likely turn out that ORCL will signal only when it is ready. Friday was not a signal day for ORCL or SGI based on the PGDCEB rules so all there is to do now is wait. So far the PGDCEB strategy is not pointing out THE bottom in any stock but just the technical bounce points. Considering the extreme choppiness in the market now, I think it's an acceptable discipline to follow. BTW, MSFT has been above its IL since April. It's probably a fantastic short for the patient. Doug R

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