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To: The Perfect Hedge who wrote (4928)12/12/1997 12:08:00 PM
From: Richard Estes  Read Replies (3) | Respond to of 95453
 
"I'm hoping this is the same.GD"

Hoping is the key word here. have you thought of puts? I can see possibility of 20s in EVL, there seems more chance of that than new highs. But who knows. As long as one cuts losses and doesn't average down, he can come back to fight another day.

TA doesn't explain "why" it only measures what is and can give a possible look at future.