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

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To: Doug R who wrote (34836)3/31/2000 1:35:00 AM
From: bruce-l  Read Replies (1) of 79233
 
Doug:

Something more for the roundtable.

The ratio tried like hell to double bottom off the 0.70
area but it aint going to happen. Throw in the towel.
You see all those prein3drsi hits tonight? I'll give you
one guess where they end up after they leave that column
and it isn't the 3drsi hits column<ggggg> We could theoretically
see a RATIO of 0.55 Friday night. My guess for the fight is
0.60. Unless we get a broad rally it could be 2 to 3 weeks
before we see a RATIO over 1.00 again. IMHO

3drsi/indrsi ratio

3drsi in3drsi RATIO pre3drsi prein3drsi
hits hits hits hits

Last Mon 68 47 1.45 10 11
Last Tues 67 44 1.52 13 12
Last Wed 63 53 1.19 8 5
Last Thur 56 56 1.00 6 5
Last Fri 45 53 0.85 4 5
Monday 45 49 0.92 3 6
Tuesday 40 46 0.87 5 8
Wednesday 35 49 0.71 3 8
Thursday 32 43 0.74 2 19

bruce
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