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

To: wittder who wrote (31309)7/27/1999 1:42:00 PM
From: Doug R  Read Replies (1) | Respond to of 79243
 
Wittder,

CYCH

Playing "itty bitty bitty" cats is a maverick way to go about it. And being a nut to boot, I would have more than a bit of trepidation with it myself. It's your call on whether you do or not.

Doug R



To: wittder who wrote (31309)7/27/1999 2:57:00 PM
From: ivan solotaroff  Respond to of 79243
 
CYCH

Witt,

I don't see a 25% drop. On 7/15, it gapped less than 18%, and that's nowhere near qualifying.
Take a look at the volume bars and you'll see the difference between CYCH and a PGDCEB: A real cat has ONE bar, generally ten to fifteen times higher than any preceding volume bar, showing the enormous spike in gap-day activity. That spike represents the panic selling that puts the pattern into motion.

Ivan


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