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Strategies & Market Trends : WELCOME TO THE CATHOUSE -- Ignore unavailable to you. Want to Upgrade?

To: jsavage who wrote (121)	8/31/1999 1:22:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 1065

J - "Thought "+ 2 ticks" was what you were after." They are: bigcharts.com As you can see, it closed with the bid on the low--and though that was one tick artificially low (NASDAQ MMs tend to narrow the spread at the closing bell to prevent people from stealing off with a large number of shares and making it difficult for them to "mark to market"), it still meant that the bid was only ONE tick off the low. I like it to be two ticks off, am happiest with three, and, as Doug R has pointed out, the greatest success tends to come when the signal day itself shows some significant bounce--say three to five percent? As you can see, PIR didn't bounce. Then again, most cats aren't these days. Ivan