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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 (10447)	1/12/1998 11:55:00 AM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79260

Esteban: Got only a few minutes to finish my article, so I'll go real quick here: 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? 1) Haven't signed on to the 3-day rule yet, tho' Doug's not wrong too often. I would definitely exit any PGDCEB if it fell to or below my entry point. Bottom-fishing of any kind is only permissible if your risk can be calibrated. 2) I think, in reality, if volume were greater than previous three days but price was trending up or steady, I'd hang in and sell only on first sign of weakness, tho' my guess is it would probably happen before noon the following day. Ivan