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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (10413)	1/11/1998 4:34:00 PM
From: ivan solotaroff	Respond to of 79269

Purrhaps you're right, Purrhaps ... Doug, Never meant to write it in stone, just wanted to keep what was what till proven otherwise. "The bottoms will be mighty low too. After the high volume selloff on Friday, a further run down early will go a long way toward creating exhaustion. This is going to be good." If Friday's losses continue into Monday, we'll have to erect a second floor for the cathouse. I think the eventual fallout, in terms of signals thus generated, will be a few months down the road. OXHP was the most widely covered gap failure of October 27. If it's a model mewler, nine weeks is as good a figure as any to begin considering as optimal feline gestation. If Friday continues on into Tuesday, Wednesday, Thursday, etc., I for one, though I'm currently short, will not be at all happy. My feel for the signal is predicated on the flat bottom of exhaustion. I'm sure they signal in more ways than just that, but that's the one I have confidence in. Ivan