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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 (31043)	7/16/1999 3:19:00 PM
From: ivan solotaroff	Respond to of 79268

GAPS and CATS Curtis, You bring up an interesting point: "I thought the "gap" feature of the CATS was on a close to open basis." Certainly, this is true for the original signal, I would think: A 30% drop intraday in a stock is clearly understandable, a 30% gap is almost unthinkable.(BTW, MCK did gap at the open yesterday--only 1.2%, but that counts.) As for an intraday gap in a card-carrying cat like MCK that's threatening to signal, I honestly don't know what to say. Ask Doug about it. My instinct, however, would be to play it only, if at all, as a day-trade. Gaps of any kind are a sign of extreme weakness. With a PGDCEB, you're looking for the temporary end of the weakness. I don't see any sign of that here--just the usual frenetic day-trading around a wounded mid- or large-cap cat. Are you in it? If I were, I WOULD NOT GO INTO THE WEEKEND HOLDING THIS POSTION. But that's just me. Ivan