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


To: Venkatesh Nakkala who wrote (13855)3/26/1998 10:32:00 AM
From: Doug R  Read Replies (1) | Respond to of 79621
 
Venkatesh,

How near is near? The reciprocal retracement trading rule gives it to 12 1/4. If you bought due to APCO's reaction to breaking the IL (it didn't quite make it to the ACT since it was known in advance), the reciprocal retracement rule puts a trade target at 12 1/4. Since the ACT was discounted, the RR may be as well.

Over a somewhat longer term, my target for APCO is now 18.

Doug R