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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 (13104)	3/6/1998 2:25:00 PM
From: Dave H	Read Replies (2) \| Respond to of 79450

Ivan, Great to hear from you! Unfortunately I wasn't able to make it to MB -- didn't really realize how far away it was driving time, and I just couldn't take the time off. I know it'll be a while before Doug does a seminar back in our area, but when he does, I'll be there! Been busy at work lately, too busy to be keeping up with my favorite SI threads, which can get overwhelming at times, as you probably know. Still working with DeMark stuff. I really like his stuff because it is so precise in definitions -- ie, if you know the definition of a demark trendline everyone will draw the same line. This is my biggest problem with figuring out the ACT & IL -- it is sometimes difficult to figure out exactly which points to use. (not that I'm tossing the system away; just noticing that I myself have difficulty with implementing it sometimes...) Also, since demark is so precise it can be programmed into a computer program! ;) I have been sweating it out with ACRT lately as I jumped aboard about the same time Doug did and have averaged down a couple times too. I agree with Doug that this is WAY too low for ACRT, but I am a bit concerned about it. Going from 30 to almost 10 in just a few months?? something is going on.... Anyway, I am a little angry with myself because I feel like I jumped in too early seeing as the sequential ACRT completed was recycled, (actually it has just recently recycled ANOTHER sequential...) I do feel though that unless the fundamentals change on this one it is only a matter of time before ACRT is going to make a sharp, quick move back up along the lines of what Doug has predicted (~30%) CADE....blast from the past! I'll have to look at the chart this weekend, but running it through my demark program shows me that it completed a buy sequential jan 12, 1998 where it closed at 2.44 Doesn't look like it went too far since then, but it does indicate that CADE is probably in a low risk buy area. At this point I'd have to pull up the chart and draw some trendlines. (that'll have to wait till later...) I agree with you that it might be almost time to start stalking CADE again. I'll really try to give it a good look this weekend. hope all is well with you too Ivan! regards, dave