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

To: Solipsist who wrote (14184)	4/1/1998 3:34:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79623

MEOW NON PLUS S OXHP is indeed bouncing, but it's not, technically, a cat. A "signal day" for a PGDCEB (Post-Gap Dead-cat Exhaustion Bottom) occurs when the stock hits a new low after a gap-down day of 30% or more, on volume greater than the previous three days. Ideally, one wants the signal day to occur no less than three weeks after the gap-down day. OXHP last signaled on 12/29/97. There's lots of other rules and definitions and disagreements to be had, many of which have already been defined and chewed over by the cat-fanciers of the thread. Ivan