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: milesofstyles who wrote (35500)	5/15/2000 1:13:00 AM
From: Doug R	Read Replies (1) of 79230

milesov, You are a charting maniac. Your site is an awesome resource. A couple interesting lines are SPX uptrends from 10/8/98 to 10/18/99 10/8/98 to 2/28/00 Both no longer represent current supply/demand dynamic but are still being toyed with. Next line down 10/8/98 to 4/14/00 is current but is significant as being the 2nd quick step down in uptrend adjustment. That, coupled with an accelerated downtrend line puts a very large burden on intermediate term indicators. Be very careful with the short term stuff since in a whipsaw market, short term buy signals can easily get crushed. And for real drama...you gotta see what the 233 dCCI on the SPX is doing in relation to that 10/11/90 to 12/9/94 uptrend. Stay on your toes and it may also be a good idea to reduce avg trade size for a while. Doug R

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