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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: curtis christopher who wrote (30643)	7/1/1999 2:07:00 AM
From: Doug R	Respond to of 79227

Curtis, MCK cat signal....no. I was asked about that in an email at the time. Here's my response: "MCK hit a low of 30 3/4 on 6/25 as well as 6/29. 6/25 was not quite a signal since the volume was greater than only the 2 previous days. It could be played for a quick technical bounce off a high volume stutter step sort of double bottom. Sometimes those work out well. It has a couple small gaps down recently too. That kind of activity on the cats usually suggests that there will still be lower prices at some time in the short term. I'd say it still has a signal coming after the bounce from the double bottom. Looks like a good cat." Doug R