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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 (8279)	11/23/1997 3:38:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79556

Ivan, The Radisson is now on the proper page. Anyone else who has reserved a room should call back and make sure they are booked with "The 56 Point TA" in order to get the discounted rate. 302-478-6000 is the number. Ok Ivan, back to charting. If you consider that 10/27-28 was a market "break", you would not need to use just those specific dates in that breaks occur all the time. There are market breaks, sector breaks, subsector breaks and individual issue breaks. It may be that the market break had little more to do with CADE's break than just being an aggravating (no pun intended) circumstance. The reason for the break in any individual issue is a fundamental point and as such should not be mixed into the technical research. I think the thing to focus on is to identify the break in the chart and classify it technically. In CADE's case it may be a failed IL reaction rebound where the reaction is the pullback after violating the IL and the failed rebound is where CADE did not quickly find support and bounce up dramatically. The next step would be to find other stocks with those attributes that eventually started back up (the best being those that made significant gains) and define the chart circumstances that led to the re-reversal. Of course to begin such a task one would need to know how to draw an IL which is a technique I will be teaching yourself and the other Dec. seminar attendees in a few weeks. I'm going to try to resist the temptation to look into this matter. It may be that failed IL reaction rebounds are a Q-PGDCEB and as such a PGDCEB-like signal day is the required re-reversal circumstance. Hmmmmmmm. Doug R