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

To: ivan solotaroff who wrote (10305)	1/9/1998 9:29:00 AM
From: Michael L.	Respond to of 79230

Ivan, absolutely agree with you about ORCL. It is not time to go long yet, but the time will come. I will watch it. My plan for today: AGPH is forming a nice ascending triangle with the apex at Jan 15 (earnings day). I expect it to jump up again at that day. The upper line goes on 34 1/5. Now the ask is at 33 1/8. If it ticks up on open I will add to my position just for the day play. The chart gives you the chance to keep your position and to play daily with some money. In my opinion it is safe because I expect it to go up on Thursday. Michael

To: ivan solotaroff who wrote (10305)	1/9/1998 10:37:00 AM
From: Esteban	Read Replies (2) \| Respond to of 79230

Good morning Ivan, Thanks for your insightful and thorough treatise on the volume patterns that preceed PGDCEB signals. This is the best attempt to separate the cats from the dogs when both species signal I've seen yet. Re: ORCL specifically. Yesterday was NOT a signal and I wasn't implying that any action be taken on less than a full signal. I just wanted Michael to be on short covering watch. However if the volume had been just a few hundred thousand shares higher on over 16 million shares, it would have qualified based on the parameters we are now using. It might not have been a signal that you or I would have traded, but a signal none the less. It will take some time and effort to ascertain whether we should further limit the signal parameters to hopefully further reduce risk. We could be reducing opportunity even more. Remember that we didn't like the OXHP signal at the time ... too close to the second gap. ORCL may be on the table again today. It's trading with high volume. Time for a crash volume pattern study. Esteban