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: jsavage who wrote (26151)	2/2/1999 5:39:00 PM
From: Doug R	Read Replies (1) of 79298

JAS, You got it. BDY is a PGDCEB candidate. BUT...the low of 24 3/4 on 12/13 has not been surpassed. You have to keep in mind that, as a system, the PGDCEB will not always be something to which every nasty gapper will conform. BDY is still in a position to caterwaul but there is really nothing that says it actually, definitely will. It's more common that higher priced cats will instead put in a double bottom. Double bottoms are much "sloppier" than cats insofar as definitions go so until it actually puts in a true PGDCEB signal, you have to go with the relatively more subjective rules of that commonly subscribed to "definition" of a double bottom and all the pitfalls entailed with such. Doug R

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