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

To: ACAN who wrote (14911)	4/20/1998 9:57:00 AM
From: ivan solotaroff	Respond to of 79324

PTB Allan, No, but it's a great one to stalk. When it goes below 3/16ths on a day whose volume is significantly higher than the previous three days, then it's a signal. The pattern of the 4/16 set-up is very cat-like, however, so I imagine it might behave felinically for a spell. These types are unfortunate, I think, because they tend to minimize the effect of the actual signal day. Still, they're unplayable, as the risk is far too great. Take a look at gappers like OXHP and AMLN and you'll see the risk: A second gap. Ivan