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: bruce-l who wrote (32311)	10/16/1999 2:28:00 AM
From: Doug R	Read Replies (3) of 79193

Monday isn't the question....9800 is the question. Is 10K low here? That's the question I say 10K is low here The charts say 10K is low here The bottom always comes before people realize that the bottom is in. That's what a bottom is all about Calling a bottom to the point...or to the day...is secondary to knowing a bottom is at hand Bottoming activity is pretty well obvious now Look at the 13 dRSI on the S&P...that's a bottom based on what the 13 dRSI looks like at a bottom...consistently I don't use the 13 RSI for looks. It works Next step is positive divergence on a double bottom. It doesn't matter if the second bottom is higher or lower than the 1st. This is going to be the last sweet buying opportunity. After this, Dow 11,500 will be the next buying op after it pulls back from 14,000 People will really be freaking out on that one....2500 points off 14,000 is not pretty A conservative 10% per year on the Dow takes it to 25,000ish in 8 yrs. Gee...is 10,000 low? Are all the technological/productivity gains made in the last 4 to 8 years dead now? Did the predominant demographics just disappear in the last 3 weeks? Does anything in the numbers suggest that growth has now turned to stagnation...or worse???? Nah. A review: techstocks.com Random thoughts, Doug R

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