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

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To: ivan solotaroff who wrote (10528)1/14/1998 2:02:00 PM
From: Doug R  Read Replies (2) of 79270
 
Ivan,

I was a bit apprehensive to begin with because I bought in well above the 2nd uptick from the bottom. The volume was the key factor since it was higher than the previous 12 trading days as opposed to the 3 day qualification. Continuation on day two was never in doubt but when it gapped up again this morning the red flags came out and I decided that the gain in hand was more than reasonable since the volume today showed a lack of enthusiasm.

Now with another dead cat trophy on my wall, I have decided to cruise the avenue of the IL in both directions at once (a feat never witnessed before in all of history).

Doug R
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