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

To: mike canavan who wrote (20436)	8/11/1998 12:56:00 PM
From: Eric Maggard	Respond to of 79265

Wow, I haven't looked at it since it gapped down the first time. It looks like it will need a while to regain its footing. It probably will bounce a little and then drift down some more. I am not the resident expert on Cats like this. Ivan or Doug could tell you more. Eric

To: mike canavan who wrote (20436)	8/11/1998 1:47:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79265

Eric, The first question for SMTK re being a PGDCEB-- is that first gap large enough to qualify? 27% is probably enough. It's had 2 failed signals and one successful signal. Using the system would have netted a nice return overall though. Today's gap, which definitely qualifies, dictates another 3 week incubation period. I don't like to make guesses about the classic "dead cat bounce" that sometimes happens right after the gap but Instock has a pretty good record on those. If you're asking for an opinion about that, try Instock. Doug R