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

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To: Doug R who wrote (27977)4/5/1999 3:13:00 PM
From: ivan solotaroff  Read Replies (2) of 79273
 
EDFY says MEOW

An oldie-turned-baddie. Still on the low; everything else is there. Playing cats on full-speed-ahead days like today seem to play out one of two ways: a) The market will snap back tomorrow, which will make people gravitate toward dead cats, if anything. Or b) It's the beginning of a bull run, in which dead cats sink further under the thundering of hooves into the astroturf. The r/r ratio is good either way. The sinking happens slowly, giving you all the time you need to get out.
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