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

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To: mike canavan who wrote (20436)8/11/1998 1:47:00 PM
From: Doug R  Read Replies (1) of 79269
 
Eric,

The first question for SMTK re being a PGDCEB-- is that first gap large enough to qualify? 27% is probably enough. It's had 2 failed signals and one successful signal. Using the system would have netted a nice return overall though. Today's gap, which definitely qualifies, dictates another 3 week incubation period.

I don't like to make guesses about the classic "dead cat bounce" that sometimes happens right after the gap but Instock has a pretty good record on those. If you're asking for an opinion about that, try Instock.

Doug R
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