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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 (9470)	12/19/1997 1:33:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79383

A DIFFERENCE OF STYLE Esteban, Re: "After a signal day, these stocks are more likely to gap up than down." It's the "more likely" that I can't deal with. Insofar as NOT buying before the close of the signal day: The only risk to your POSSIBLE reward potential that I see is if it gaps up, and even then you have a good POSSIBLE buying opportunity--AFTER the retest and, perhaps, a filling in of the gaps. Other than the gap, there's nothing stopping you from getting in close to the bottom of a good move the day after the signal day. We're kinda going back and forth on the same issue and not getting anywhere, except for amplifying the fact that I want mostly to reduce risk and you want mostly to increase opportunities. Re: "Do we still consider it a valid signal day when the reason for the signal is obviously not stock specific?" While I'm not sure that I know what you mean by "stock specific," I would say Definitely yes. The whole notion behind TA is that you can't really know "stock-specific" info, only the insiders do. You learn by watching the chart what THEY think. Sometimes they're wrong. In the case of a PGDCEB they might even be wrong more than is usually the case, or it wouldn't have the B in there in the first place. Glad you got out with small damage, and please, keep posting. I'm not generating many posts these days because I'm busy, but I can definitely respond. Ivan