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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 (10395)1/10/1998 11:09:00 PM
From: ivan solotaroff  Respond to of 79243
 
OCAD BOUNCE BUT IT DO NOT PURR

Esteban,

Careful, careful. OCAD did not signal on the 29th: the volume three days previous was almost twice as high. The 30th, which would have been a signal day, was inaccurate because it failed to reach a lower low.
OCAD, IMHO, is the DAVE of software. Low-volume MM-manipulated stuff, not to be confused with Shinola. Ptooey.
By the way, the above-referenced high-volume day, had it been a mere one day earlier, would have created a classic signal. (Funny how those cats meow, ain't it? Makes me worry, actually.) Though the volume of a signal day is by definition, higher than the previous three days, the day before that three-day lead-up is frequently very high.

Ivan