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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 (10397)	1/11/1998 11:51:00 AM
From: Esteban	Read Replies (1) \| Respond to of 79243

Ivan. Thanks for explaining more clearly what you are looking for as far as the bottoming out process goes. Looking at the charts, SGI and TSEMF both signaled after breaking out sharply on the downside after a period of not setting lower lows, and that is where I got the impression of the falling knife. BTW, TSEMF, IMO, was a post-12/15 hold until this Friday, and might still be. Until two (or was it three) days ago, there was no spike in volume, and therefore no sell signal generated. Ivan this is hindsight. By the methods we have been following every one would have us out of TSEMF on or before 12/26. 12/30 could be a reentry point based on a rebound from a higher low, but we really haven't been looking at that phase of the cat's life very closely. I think it's VERY DANGEROUS to wait for a high volume signal day before closing any PGDCEB signal position. If it doesn't happen, you turn a nice profit into a loss. There needs to be a back up for this indicator, because you are already in the position. It's not like you're just sitting on the sidelines hoping to get a signal and then cherry picking if it comes. In that case like with Doug's original PGDCEB signal, if the stock blasts off without signaling, so what. You just wait for the next kitten to purr. But if your purring kitty plumments without signaling, I hope your landing skills equal that of feline renown. I DO like your reverse signal day very much, especially if it's followed by a low volume day. You had better check for 100% probability that your signal will occurr before waiting for it in the face of a decline. Maybe I just worry about risk too much. <g> Esteban