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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 (9781)12/29/1997 1:35:00 PM
From: ivan solotaroff  Respond to of 79284
 
"I'm inclined to require 5 for a true signal. Whatcha think?"

Esteban:

My instinct, which I ran past Doug, was to simply multiply the two short days by 2.
The rule is "significantly higher volume than the previous three days." That means, to me, that anything under 2 million for SGI is a weak signal. Given its topsy-turviness, I would require a strong signal before acting, but then again, you know how cautious I am.
OXHP failed to collapse as I was hoping, though there are 2 1/2 hours left today, and its 12:30 recovery is already losing steam.
What started out as a red-letter day in the cattery is becoming very clouded-over for me.
Still waiting,

Ivan



To: Esteban who wrote (9781)12/29/1997 3:12:00 PM
From: ivan solotaroff  Respond to of 79284
 
Esteban:

As of 3:10, the dead-cat heat between OXHP and SGI stands as follows:

SGI: 11/16x3/4 @ 1.820m shares
OXHP 1/8x3/16 @ 3.004m shares;

both are very likely qualifiers to signal; OXHP is showing more strength, which, of course, leaves SGI with more promise of move up.
See anything you like here?

Ivan