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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 (9148)	12/11/1997 12:10:00 PM
From: Esteban	Read Replies (1) \| Respond to of 79371

Ivan, I propose to fine tune the gap rule to as follows. 1. Stock price must close 30% or more below previous close. 2. Stock price must gap during the day (usually at open) a minimum of 20%. By these rules MMGC qualifies, SSAX does not. I deferred to the master on MMGC. You can read Doug's answer, just posted on 56 thread. This is a gray area. I think the above parameters will give us significantly more candidates, and I believe the underlying principle is not compromised using these guidelines. Re:When you have genuine VVUSes and NRGNs popping up every day why settle on 15-25%? I think we need a bigger stable to generate enough signals to test the animal. The signals have not been abundant with the ones we have so far. Also I feel the -30% close says at least as much about the cat's behavior as the opening gap. Another ugly day on the market. OTH, more kittens? Every cloud has a silver lining.... Esteban