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

To: ivan solotaroff who wrote (31465)	8/4/1999 12:16:00 PM
From: Alski	Read Replies (1) \| Respond to of 79325

Ivan, Go to the category you want your thread to be in (like click in the link to "short term" on the top of this post). Once you're there scroll to the bottom and click the link for "create a new subject". that's all there is to it. Alski P.S. You might want to post the PGDCEB rules as the first reply instead of in the original post. That way cat fanciers wont have to scroll past a long original post eery time they check in. Just a thought.

To: ivan solotaroff who wrote (31465)	8/4/1999 2:28:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79325

Ivan, Feel free to edit and embellish: The PGDCEB...Post Gap Dead Cat Exhaustion Bottom. A stock gaps down, from close to open, 30% or more. The volume on such an event is nearly always a significant adjunct to the price activity. Over the next 3 weeks (15 trading days) a down trend often results as more holders steadily throw in the towel and eat their loss. The extreme oversold condition reaches a point of opportunity on a day when a new low is made on greater volume than each of at least the previous 3 days...an exhaustion bottom. On that day, the bid must close off the low. The ensuing reaction produces an average gain of 28%. A stop-loss of just 2 ticks below the signal day low is recommended as long as the break below there is not accompanied by volume that defines another signal. Many PGDCEBs return to new lows after the upside reaction and signal again. These stocks develop a "signal history" which can be very helpful in assessing the potential for a trade based on the signal. A cat with a poor signal history should generally be avoided. Doug R