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

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To: Ocote who wrote (11061)1/22/1998 1:59:00 PM
From: Dave H  Read Replies (2) of 79281
 
Hi Ocote,
Just thought I'd update you on one of my sell sequentials: JMED.
I just got stopped out at 40 1/4, and I decided to take a small long position in it. This is an example of a failed sequential, and you usually see a powerful move in the opposite direction that you expected. DeMark has a copyrighted term for this as well (something like TD Reverse Stop?)

The newest set of sell sequentials: GE, CCU, IONAY & TGS are all down.

-dave
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