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

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To: bruce-l who wrote (35067)4/11/2000 4:47:00 AM
From: Doug R  Read Replies (3) of 79371
 
Bruce,

Looking for .17 to signal a ratio bottom which would mean a price bottom that would be taken as a final "weak hand" shakeout in a couple weeks. Confirmation of a bottom would be seen if the ratio can jump (and I mean jump) over 1 without retracing back below .65 as 4/24 gets close. S&P may very well be below 1438 into 4/24. The ratio really gets important going into both the price and magnet trendline intersections.

This is getting mighty interesting.

Doug R
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