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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 (20434)	8/11/1998 12:59:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 79270

MEWLER VOLUMES Doug, BMC's already in, and as you know better than anyone, it's got a great history. TSEMF also has a great history, but it's also got a ways to go--and as yet hasn't broken the bottom at $6. VVUS looks like it's going to signal weakly. This one's done so much dead-cat bouncing already it's tempting to think it's not, to quote Monty Python, "quite dead yet." I don't trust it. RAIN, though it gapped slightly last Thursday, is the most classically cat-like of the charts, IMHO, and the one I'd play if I had any left. Note the huge volume last Thursday. I've see that before: A big-volume day setting up the four-day sequence leading to the signal. It makes psychological sense as well. Sorry you got stopped out of EDFY. I hate to see even minor cat-losses, particularly by my man in Wilmington, and I think (actually, I hope) it's got legs yet. Ivan