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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 (9050)	12/9/1997 1:49:00 PM
From: ivan solotaroff	Read Replies (2) \| Respond to of 79623

OXHP ain't no pussycat. Esteban: OXHP was a highly speculative play that a risk-crazed day-trader could've made at the opening of business on Friday, which was a classic dead-cat bounce. As the traders say, "$hit'll bounce, but only so high. Today, at least as of this writing, it is still bottoming, and, IMHO, is at present a speculative SHORT candidate. You asked about anticipating the bounce by buying AT the bottom on the "signal day." Thursday, at least by the charts I have, was a FAKE signal day (it closed still bottoming); though it did bounce on Friday, it would've been hard to know that's what was in the cards. Of all the predictions, perfect timings, and visions Doug has shared with the thread, the thing that sticks with me most is, "Take risk out of the market." There I go again. Sorry. Ivan