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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Magnatizer who wrote (32383)10/25/1999 2:18:00 AM
From: Doug R   of 79270
 
David,

There seems to have been a very key pivot in the market on 10/15. I've found that there are several hundred (no exaggeration) island bottoms from 10/8 to 10/21 with most of them gapping into the island on the 15th. Also, there's now a left shoulder and head of an IHS established on the avgs. as well as Milesov's recently noted 3 dRSI IHS on the Dow and S&P. As a bottom of 9500 has been widely forecasted of late, I can definitely say that if this IHS stuff holds up and breaks out without seeing Dow 9500, you better take that short hat off and blow the thin layer of dust off your long hat.

Doug R
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