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


To: Esteban who wrote (8999)12/8/1997 2:25:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79327
 
"The fact that the price did not recover on the day of the signal may invalidate the signal day, however. I was not considering a recovery before the close to be part of the signal, I don't know if it is or not by Doug's paramaters, do you?"

Esteban,

My understanding is that a close ABOVE the signal day's low is what makes it the signal day. A close at the low makes it NOT a signal day. That's why I am still waiting on TSEMF for the signal day. In fact, I think its failure TO signal on the day it probably would've otherwise indicates the general weakness of the sector, which again would scare me off it right away.

Ivan