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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 (10313)	1/9/1998 10:48:00 AM
From: ivan solotaroff	Read Replies (2) \| Respond to of 79230

And good morning, Esteban (now that I know how early you're getting up): "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." Yes, indeed. For me, passing up the signal on OXHP and taking the one on SGI instead (as Doug said, I should've done both), was the key to galvanizing my desire to become as nimble as a cat. In retrospect, I can point out that SGI was in its third signal; as a holder during its Lazarus-like rise from the tomb, I very much had the feeling that I was in a pretty dead issue. Particularly while watching OXHP, which was enjoying its first real signal: In retrospect, the second gap might be considered a signal to begin monitoring the bottom like Jacques Cousteau himself. As we noted with OXHP's bounce of last week, what it really served to achieve, chart-wise, was to fill the gap left by the second gap-down of 12/10. If I'd'a known to look at THAT on decision day, it woulda been a no-brainer. It made the risk/reward look optimal. Ivan