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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bdog who wrote (29572)5/15/1999 2:52:00 AM
From: Doug R  Read Replies (2) of 79118
 
Thanks Bdog,

Do you still have the "nasty down day" scan? It's something like 50% greater than avg. daily volume (or previous day volume or something) and a price increase of 8% to 10%. It's been so long, I can't quite recall the exact parameters. The above is close though.

13 dRSI system on the S&P again shows short term ugliness coming off yet another weaker peak. It's in position to fall off but still has that one thread of support to possibly stave off the return to the lower 1200's. It...can't...hold...on...much....longer. Sheesh...this has sure been a stubborn winding down of the technicals. It almost had me reversing my call as I'm sure you noticed in a few of my posts where I was starting to say things like, "If it doesn't correct..." I'll have to work on that.

Speculative one to watch on Monday...LOCK. IF it doesn't gap too much.

Doug R
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