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


To: Alski who wrote (22211)10/19/1998 9:00:00 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 79270
 
Alski,

I misstated, c > o is a first day requirement to maintain position. The exit is as you stated, exit if c < o or c < c[1].

Open, High, and Low were up. Stinking close was lower. It gapped .12 from yesterday's close to territory unseen in awhile and went higher from there. Second leg to the high was weak. Lots of selling, then a suspicious bid/ask rise at close for no visible reason.

Today added another bar with a higher high to the weekly, and the monthly is sweet where a 50% rebound would be 11.50.

Osci