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

To: jsavage who wrote (26151)2/2/1999 5:39:00 PM
From: Doug R  Read Replies (1) | Respond to of 79283
 
JAS,

You got it. BDY is a PGDCEB candidate. BUT...the low of 24 3/4 on 12/13 has not been surpassed. You have to keep in mind that, as a system, the PGDCEB will not always be something to which every nasty gapper will conform. BDY is still in a position to caterwaul but there is really nothing that says it actually, definitely will. It's more common that higher priced cats will instead put in a double bottom. Double bottoms are much "sloppier" than cats insofar as definitions go so until it actually puts in a true PGDCEB signal, you have to go with the relatively more subjective rules of that commonly subscribed to "definition" of a double bottom and all the pitfalls entailed with such.

Doug R



To: jsavage who wrote (26151)2/3/1999 11:33:00 AM
From: ivan solotaroff  Read Replies (2) | Respond to of 79283
 
BDY

JAS,

Not a cat: That appearance of such in the chart was some kind of distribution. Always check out the volume; if there isn't a huge spike there chances are huge it's not a gap.
But keep trying. Cats are worth their weight in gold.

Ivan


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