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

To: Doug R who wrote (17515)	5/24/1998 2:06:00 PM
From: Bosco	Read Replies (1) \| Respond to of 79365

g'day Doug & all - happy M Day. Doug, while I was fussing around, spotted an over the hill stock TOWR. Does it belong to your blender? best regards, B

To: Doug R who wrote (17515)	5/24/1998 2:27:00 PM
From: Russell McGuire	Read Replies (2) \| Respond to of 79365

Doug, QGLY, the Quigley Corp., makers of COLD-EEZE cold remedy broke out on news Friday. Recently they made a deal to start selling in Canada and China and Friday the announced a deal with Yahoo to sell COLD-EEZE on the internet. How far can QGLY go on this news and how does the chart look? Thanks, Russell

To: Doug R who wrote (17515)	5/24/1998 3:28:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79365

Doug, My instinct is that QUAL is equally good and perhaps better than BMC. For one, at 15/16, BMC has already done 13.8% of its move from the signal-day bottom--which of course doesn't mean it can't go higher, but it does make it feel to me a wittle, wittle bit like chasing. And you know I became a fu$king expert on such--why, as recently as Friday. (I'm getting that into-wishin' thing going with ONTC: "Well, maybe I'll just buy and hold this one after all." Bad, bad, bad. It's not all that great a company as far's I can tell, and they're probably weeks away from the next news--which as you pointed out can be dangerous with HTFs. Please advise. Oh, OK, I'll get out at the proper time on Tuesday. Bad buy, good loss.) QUAL, on the other hand, seems to have failed its last signal day, which I see 5/1 as. By my lights, then, it has already set up a low-volume multi-day base as the signal, and from my experience with sub-$5 cats--particularly the very painful experience of having sold ABTI too early--the new low yesterday is not necessarily bad news, or even a new signal. I'd be hard-pressed to say why. It's just, we cat-people just ... know-w-w-w--w things about our little friends. I thought I'd check out the semi index and have a quasi-ACT/IL test to offer as corroboration (I love quasi stuff, because I'm inherently bull$hit myself, y'know). Didn't work out as I'd thought it would--the semis are definitely slumping, perhaps even in free-fall: tscn.com Any supportive ACT* you draw from the early to mid-1990s lows that was not already broken by the midsummer-1996 correction shows another 20% to go, and any ACT you pick up after the correction is already violated. So F me for a D. Woof, woof, Ivan the Catman * - I know you can't really do the ACT part without V for proof; that can actually be obtained (inferentially, by checking out the major components of the index for the time-periods), though I'll be damned if I'm going to spend M-Y-Y-Y Sunday doing that. Besides, it's an unweighted index. Why do they bother?

To: Doug R who wrote (17515)	5/24/1998 3:58:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79365

DEPO Doug, Look for this old tom not only to hiss on Tuesday but possibly be an intraday 10 to 20%er. It gave a classic signal on Friday, only it ... forgot to go up the one measly tick. Could mean a rush to the exits at 9:31, and you know what we do when that happens. Thomson Realtime quotes/EnterSymbol:DEPO/ENTER, then: RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD RELOAD BUY Or maybe nobody'll go near it. Ivan