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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 (10412)1/12/1998 11:44:00 AM
From: Esteban  Read Replies (2) | Respond to of 79250
 
Good morning, Ivan.

I quit posting out of frustration with SI's slow speed yesterday, and now I'm running into the same agonizingly slow download times again today. I see there has been lots of further discussion of my favorite topic.

My only method so far is the three-day volume rule. I'm following the discussion about getting out early, and am still trying to hold on to the (apparently untenable) position that indisputable cats will never have to be gotten out of prematurely. My feeling remains that if the cats are chosen with precision, they will always work, and I maintain that much of the current decision is caused not by feline failure but by HUMAN failure.

Would you please define an indisputable PGDCEB candidate, that is if it differs in any way from the 30-30 rule?

Can I summarize your exit method as follows.
1) Same initial 3 day rule as Doug.
2) After the 3 post signal days are history, you will sell (or reverse) your position if the day's volume is greater than any of the previous 3 days. If prices decline without such volume signal, you will exit at your entry point.

Do I have it right?

Esteban