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: fourptt who wrote (27646)	3/24/1999 5:10:00 PM
From: ivan solotaroff	Read Replies (1) of 79213

ESOL Four, Welcome aboard. I passed on ESOL at the close yesterday; at 13/16, it was too far off the low for me to feel safe playing it. For the same reason now, I consider it overextended--as a cat-play. You might have other reasons for liking it. I personally won't look at it again till it hits a new low on volume greater than the previous three days and closes at a high at least one tick .... you know how it goes. For now, it's strictly PMS* for me. If you're in it, I can definitely advise to cut bait the moment you see it drifting on low volume. That's been the failure pattern with this one for months and months. It's an extremely old cat, maybe the oldest one in the litter. Ivan *PMS = Post-Meow Signal Day

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