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

To: Matt G. who wrote (19837)7/24/1998 11:18:00 AM
From: Eric Maggard  Respond to of 79296
 
Re: TAVA

TAVA broke through the trendline going back to July '97. The next support looks to be in the 6 area where it based toward the end of last year. Doug and I talked about it yesterday and Doug said that it was reaching an intersection point and the move is usually big. I guess it told us which way it was going. I personally was thinking it was going down.

Don't know about OXHP.

Eric



To: Matt G. who wrote (19837)7/26/1998 2:12:00 PM
From: Doug R  Read Replies (2) | Respond to of 79296
 
Matt,

If OXHP doesn't gap up again like it did on Friday's open, I'll go after the first uptick. I have to say I got a bit lucky by just taking the 3/4 when I did. One of these drops is going to be a signal so I'll start setting protection at one tick below the low and go after it systematically. If it stops me out, I'll do it again until a bottom sticks. I would have gotten in again toward the close on Friday but I wasn't around for it.

Doug R


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