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

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To: Doug R who wrote (36426)8/7/2000 7:37:50 PM
From: hman  Read Replies (1) of 79396
 
welcome back DougR,

Hope your trip went nicely and you caught some nice fish.

Regarding DGX and the IL/ACT/RR. One of the last pages in the 56er manual gives a timeframe of 6 to 10 weeks from the IL violation to start retreating to the ACT. If I count correctly, are we currently in week 6 of that countdown. DGX has shown some real strength recently although to me the volume seems a bit lite. I actually thought it would break down two days ago when it had a key reversal outside range day. Can you share any further thoughts about this IL/ACT/RR candidate for us.

Thanks
David
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