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

To: Cornstock who wrote (17633)5/27/1998 2:55:00 AM
From: Doug R  Respond to of 79281
 
Peg,

If I may poach on your question to Ivan; the answer is yes. 5 15/16 is the stop. Keep in mind that I recommend mental stops as opposed to physical stops.
MMs y'know...
Also, if it hits 5 15/16 on greater volume than each of the previous 3 days, that's another signal, and hence, exit is not advisable

Doug R




To: Cornstock who wrote (17633)5/27/1998 10:47:00 AM
From: ivan solotaroff  Read Replies (2) | Respond to of 79281
 
EMER

Peg,

Technically, it's a failed signal as of today and should be sold.
However: If you own it, didn't get in too high and have some tolerance for risk, you could wait to see if it's a multi-day signal, which is my into-wishin' on this one. If so, pick your stop loss from here and make sure you honor it. These guys can claw your eyes out if you don't.
Hope that helps.

Ivan


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