The 56 Point TA; Charts With an Attitude Message Board

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

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To: Ocote who wrote (16869)	5/13/1998 9:42:00 PM
From: Ocote	Read Replies (3) of 79351

Correction--RSI 13 Model I wrote from work without really looking at the chart. The breakout is still iffy, and frankly I don't believe it can last. New highs on declining volume and declining A/D line do not spell another 20% runup in the indices. The model doesn't predict the duration of the breakout, and it could end the first time the breakout uptrend is retested, and ALL trendlines are retested. I'm playing this one cautiously, taking profits when they're given, both long and short. Ocote

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