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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (31990)9/14/1999 4:12:00 PM
From: Doug R  Read Replies (4) of 79194
 
The S&P and next month:

233,21,34 on S&P is crossing back up.
It's still over 80.
89,3,5 very weak and crossing down. The 233 xover is likely to fail due to this.
The 13 dRSI bounced off of line 3 last week and didn't hold line 2...now it's crossing back under line 3. A test of line 4 is imminent giving a couple weeks time if it bounces off line 4. The current progression through the series is typical of a correction building.
A poor day tomorrow and I'll be out of the S&P for Oct.

Doug R
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