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

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To: ivan solotaroff who wrote (18001)6/2/1998 4:11:00 PM
From: Doug R  Read Replies (4) of 79273
 
Ivan,

Incredible.

Your original observation was that a MEEP is where the last downtrend prior to a 30% gap down, when extended out, is broken to the upside then, on the ensuing pullback, is used as support on the day a PGDCEB signal is achieved. Cool huh? You were brilliant in those days. lol!!

I've been drawing lines that are similar to the MEEP and find that it is a common occurrance in many situations.

Doug R
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