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: curtis christopher who wrote (31560)	8/13/1999 4:19:00 PM
From: Doug R	Read Replies (1) of 79230

Curtis, The 13 dRSI on the S&P went to oversold and just broke out of an IHS that it set up down there. All the while, the 233, 21, 34 stochastics has not signaled a sell. The test will be whether that stoch can cross back up again or if the %D will be resistance to the %K. The technical strength provided today should be a good start toward a good crossover. Since the 233 is still over 80, a crossover would get a good run going. There's still the possibility of a double bottom on a higher 13 dRSI but other than that the outlook is sideways to up. I'm staying long the S&P. Doug R

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