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

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To: Woody who wrote (24792)12/30/1998 2:10:00 PM
From: ivan solotaroff  Read Replies (1) of 79432
 
SMTK says: MEEOWWWWW!!!!!!

Woody,

GREAT CATCH.
Now the rules:
Play it at 3:50ish, if it's closing a tick above the low (so far so good); or
Play it intraday, but only with a small amount--that way you save powder to average down if need be.
I'll be all over it, but for the moment, it looks like a close-play exclusively. It's not showing any sign of running away intraday, and it's already punished greedy cat-fanciers.

Ivan
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