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

To: Rooster Cogburn who wrote (17370)	5/21/1998 11:55:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79509

Rooster, It's way oversold and should bounce from here. IF that darn news ever gets released, you won't have to worry about the possibility of the "sell on the news" phenomenon. Yeesh, how's that for consolation? You didn't chase it over 3 3/16 did you? Doug R

To: Rooster Cogburn who wrote (17370)	5/21/1998 9:29:00 PM
From: bdog	Respond to of 79509

Hi Rooster. Yes. We get the "Maybe this really wasn't a sell sign and it goes back up again award"! We also get to watch and learn as Doug pulls a trigger on a purely technical trade...notice he doesn't hope..he just watches and sells on first sign of weakness. The trick is, of course, knowing the rules for oneself, observing a violation and bingo you are OUT. Easy to say, huh? I myself am willing to watch a 10-20% drop from 3.125 and I'm glad I didn't place a stop on this puppy. Good thing I wasn't home for the deluge either , as this would have been a tough test. This dog looks pretty weak right now except for the 2,1,2 stochs. There is a right hand cross up which is strong and a break of the downtrend. Last time this happened we experienced the recent runup. (I'm sure the Doc had his eyes on the right hand cross to the downside a couple of days ago) So maybe this is technical hope >gg< bhammeredog ps doug--- noticed how elgt and acrt both closed on trend line?