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


To: ACAN who wrote (28782)4/26/1999 10:06:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79225
 
HDIE

Allan,

Sorry about that, and good catch. Yes, it was a perfect signal day.
Two things dissuaded my eye from seeing that on the chart:
1) Cats almost always have volume spikes far larger than any recently preceding days. HDIE's volume on 3/15-16 was similar to the gap you've found two weeks later.
2) Cats seldom rebound so quickly to the point from which they've gapped--so quickly it doesn't even leave the appearance of a gap in the chart:
bigcharts.com
For both reasons, I wouldn't have played it even if you'd tipped me to it on Friday: I like these guys because I know them. This kind of cat I've never seen before. I'll be studying it.

Ivan