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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 (10368)	1/10/1998 6:28:00 PM
From: Esteban	Read Replies (1) \| Respond to of 79242

Now Ivan, how are you going to meet that deadline if you keep reading and posting on this most fascinating subject? (:>) Thanks for your last post. I think we are both comfortable disagreeing with each other. Yes you did broadcast your dissatisfaction about the DAVE signal on the signal day, but I believe it was from the viewpoint of being a lower volume issue. I believe it was after the fact that you voiced an opinion about the quality of the signal itself. At the same time Doug thought it looked promising. I really believe the timing of Indonesian flu outbreak stops us from drawing any conclusions on this signal. A cat bounce should be able to withstand a moderate down day, but an onslaught like Friday, especially preceded by Thursday's weakness is a lot to overcome. BTW, in posting the existing stable members I noticed that I left WADE in the batch by mistake. You had pointed out that it had no gap, so I'm taking it off the list. The reason I noticed this is because it and QUAL were the only green colored stocks on the my board yesterday. And it turns out that the previous day was a signal day for WADE, but still in the three week waiting period. Seems like the dynamic is working. Personally, my intuition tells me that it's the 30% one day drop that's important, and not the gap. Do you know of any other failures we can study? Here's some to check. They may or may not have been valid signals. I noted them when I was first beginning to get familiar with the beast. TRKN 12/2, BMC 12/17, AGP 12/16, SGI 12/18, ALTS 12/15 & 12/19 (there was a successful signal on 11/12), AMLN 11/20. Notice how the bad signals are mostly clustered in the same time period. Then there's TEAL, a disasterous record. Maybe there's something to be learned from it. Esteban