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


To: James A. Nelson who wrote (10992)1/21/1998 12:33:00 PM
From: Dave H  Read Replies (2) | Respond to of 79270
 
James,

I'm still examining MMGC, but really I mentioned it only because Doug R is stalking it as a PGDCEB -- the rules for this one are elsewhere in this thread, but basically after a 30% gap day we are looking for a new post-gap low on a day with greater volume than the 3 days prior, and a close off the low. That would constitute as a buy signal, and then you must track it closely for exit. Many strategies have been proposed for this among Doug, Ivan, and Esteban.

-dave