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

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To: ivan solotaroff who wrote (18514)6/15/1998 11:29:00 AM
From: Doug R  Read Replies (3) of 79308
 
Ivan,

Yep, all's well here. My most recent favorite, ELGT is actually up today (but on low volume). TFCE is holding well and even though AAIR has lost some altitude, I think it's a great long term turnaround play with lower oil prices to add some tailwind. MTON is getting nice and cheap. CADE is...well, CADE.

Now, about the cats. You're forgetting the system necessary to succeed in them. Limit any miscreance to 1/32 or 1/16 of a pt. and let the IMNT's make the profit for you. There's a huge herd of them out there and prior signal history should be taken into account. Not all cats should be played (as if any individual could!). It's the system that goes with the mechanics involved that gets the job done. It was BMC that went from 14 to 16 1/4 in one day last month. If we had seen the darn thing signal that day, an easy point could have been had. When it tanked 4 days after the 6/2 signal, the loss would have been 1/16. It's the small window within the system not the roaming in the alleys that is important.

GTAX: I'll check on it.

Doug R
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