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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Dave H who wrote (9873)12/31/1997 11:05:00 AM
From: ivan solotaroff  Read Replies (3) | Respond to of 79227
 
Dave H:

I think ODETA's apparent "gap" was a 2:1 (actually looks like a 1.9:1 split). Maybe wrong, but look at the volume that day. Gappers have volume spikes that look like they could kill a team o' vampires.

Ivan



To: Dave H who wrote (9873)12/31/1997 12:35:00 PM
From: Esteban  Respond to of 79227
 
Morning Dave,

I not sure whether ODETA had a true gap or not. My PC Quote charts are suppossed to adjust for splits, and it shows the gap plainly. In any case given the doubt about it and the plethora of candidates, I'm removing it from the list.

However, assuming it was a cat, yesterday was a valid signal, hypothetically speaking. Nice detective work, Dave. The only gaps down that really disturb me are ones that violate the signal low on the following day, and this one didn't. Otherewise you're still in the game within the loss parameters that you understood when you entered on the signal day.

Esteban