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

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To: ivan solotaroff who wrote (11389)1/27/1998 4:16:00 PM
From: Esteban  Read Replies (3) of 79237
 
Ivan,

AMLN and BMC both looking good here. RMDY, wow, shades of OXHP. Makes you respect the beast, doesn't it?

RAIN signal failed. Fortunately it wasn't the signal of choice here on the thread, and we were lucky enough to have multiple signals on its chosen day. I mentioned on that signal day that there seems to be high failure rate for signals that also happen to be the first new low after the gap day. I haven't researched this specifically, it's just a general feeling from looking at lots of charts. After the RAIN confirmation I'll pay attention to this subtlety.

I'm on the sidelines again. AMLN shot up yesterday while I wasn't looking, and I was wary of the BMC volume. Patience, patience, I guess.

Esteban
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