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

To: majormember who wrote (9908)	1/1/1998 4:46:00 PM
From: Ocote	Respond to of 79227

Skane== Since everyone else is gone today, I'll take a crack at this. New lows are usually a place to stay away, except a very special type discussed on this thread relating to the period after a gap down and subsequent exhaustion. It doesn't look to me like this has had time for exhaustion(usually atleast 3 weeks). By then the volume will have died out and suddenly out of the blue, a new low on increased volume, ending off the low. That's when a new low may be a buy signal. Student of Doug (SOD?) Ocote