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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 (12845)	2/27/1998 7:00:00 AM
From: Cornstock	Read Replies (1) \| Respond to of 79532

Holy Moly Dough, I'm just a simple country girl!. I had to read the IL-ACT info on your PRTL post to CEEZ twice and I think I hear what you are saying - but I wouldn't guarantee it. Here's hoping that my friend CEEZ has got this down and he can e-mail mail me what he thinks you are saying, and then I can compare it to what I think you said. If they are different, I'll get back to ya :o)

To: Doug R who wrote (12845)	2/27/1998 8:46:00 AM
From: Ceez	Respond to of 79532

Damn, I KNEW I would come across that way. No Doug, that is not the case at ALL. I use the thread just for ideas, like most people. My portfolio has maximum 5 stocks at any given time. Out of those 5 only ONE is a 56 stock and I don't keep them for too long (just enjoy the ride and move on to another 56 stock) Currently my 56 stock is PRTL. The other stocks are stocks that do not get mention on this thread because of their price (MSFT, CSCO, TSK etc) I guess. I feel trapped in PRTL do to my own indecision, NOT because I could not take the loss. Many times I have left a stock a day too soon before I see it skyrocketing (if I'm long) or just dropping like a rock (if I'm short). And I want to avoid making that same mistake with PRTL. Anyway, thanks for the information. I had constructed an IL for PRTL on my own (I SEE your GRIN) based on what I have absorbed from all the posts relating to this topic. As it turns out I was not that far off. I had the IL at 23 - 23 1/4. I'm pretty sure it was JUST luck though.

To: Doug R who wrote (12845)	2/27/1998 8:59:00 AM
From: Dave H	Read Replies (2) \| Respond to of 79532

Doug, PRTL -- day 12 countdown of a sell sequential happened yesterday. This one's getting close! With an EPS ranking of 1 (the worst possible) I've been watching this one all week. A close at or above 25 3/8 today will complete the sequential. An aggressive stance could even use the TD Termination Count which says you can use the open for counting day 13 of the countdown, so even if PRTL opens above 25 3/8 and then declines one could still justify the sell sequential completion. (However, I'm of the more conservative type when it comes to sequentials.) TDROC1 has registered 10 days overbought so far-- over 15 gives an extreme reading and indicates the trend will probably continue. Which also means that there are 5 days for PRTL to start downtrending and register a sell signal via TDROC1 (which would nicely coincide with completing the sell sequential...) Finally, the TDST (TD setup trend) support level for PRTL is all the way down at 15 (where the sell setup started). That isn't quite a target, but you could play the sequential looking for an ensuing buy setup to close below 15. This, of course, would mean the ACT would be violated...but we've seen it before ala ABTX. Ok, ACRT-- ACRT recycled a buy sequential (though the range of the ensuing setup was less than the original which means the recycle could potentially be ignored) that would have completed on 2/24/98 where price closed at 13.81...the TD stoploss level for this sequential would be at 11 3/4-- notice that was the low on 2/25 and so far has provided support. I think this is around the fib retracement values people have been throwing around. ACRT is now on another buy sequential that started 2/3/98. 2/26/98 was day 5 countdown. a new buy setup is on day 5. TDROC1 has registered 12 days oversold so far. This one is really in the hotseat. I'm inclined to believe in the original buy sequential until 11.75 gets taken out. That makes buying at these levels relatively low risk. However 4 more days of TDROC1 oversold and it would be prudent to stand aside and wait for perhaps a TDPOQ (TD price oscillator qualifier) signal for low risk entry. Especially since in 4 days ACRT could potentially complete another buy setup and recycle yet again. Like you I just can't believe ACRT is trading at these levels. I do recall you saying before the october drop that ACRT tends to lead, or predict, the overall market trend....what are your feelings regarding this now? ALL three major indices are currently on SELL sequentials (dow is countdown day 9, nasdaq is countdown day 7, s&p500 is countdown day 6)....I have the feeling that an impending drop is coming...perhaps in the next two weeks.... that's all i have time for for now! -dave