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

To: bazan who wrote (17245)	5/20/1998 9:06:00 AM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79313

IMIC Bazan, Thanks for calling attention to this one. It officially ranks as a "quasi-cat": The gap was nowhere near enough to make it a card-carrying PGDCEB union-member, but its subsequent behavior and near-30% loss on the gap-down day qualify it as one to watch and play--at the APPROPRIATE TIME. It's too early now--and with quasi-cats, play it all the more safe: No margin, close stops, no rushing it, and think twice before you let a position ride into the next day: You can get gapped down and lose your a$$ on these kitties if you don't obey the rules. If this were ESPN, they'd call it Xtreme Bottom Fishing. Ivan