The 56 Point TA; Charts With an Attitude Message Board

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

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To: ivan solotaroff who wrote (17523)	5/24/1998 4:58:00 PM
From: Doug R	Read Replies (4) of 79336

Ivan, To make a short story long: DEPO's close on Friday (for those not tracking it) is just 1/16 above the post-gap low set on 1/5/98. That day did not qualify as a hard and fast signal day due to its proximity to the gap BUT it was good for 100% in 2 mos. NOW we have a possible hard and fast signal day possible in the coming week. Friday's volume is a hurdle to be sure but if a signal day presents itself from Tuesday to Thursday, it will have volume greater than any day going back to 3/11 which appears to be the sell signal day that has set up the current PGDCEB signal day possibility. BTW Ivan, that sell signal day (3/11) follows the Ivan's Volume Rule for exit. WIth the correction about to hit the fast track, PGDCEB's look like the best place for long money now. Doug R

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