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: Warthog who wrote (41748)	12/10/2002 11:44:39 PM
From: Doug R	Read Replies (1) of 79173

Other IL/ACT stuff. Dow ACT established on 12/9/94 rising at 2.4742424242... points/day from 3638 for 8 yrs and 1 day. 250 trading days/yr for 8 yrs + today is 2001 days. 4951 points of advance to 8588 as of today. After falling through the ACT yesterday the Dow did not recover back over it today. A continued falling away from the ACT from here would likely get things back under 8000 again fairly soon. Recovery back over the ACT could again lead to an attempt to reach the 200 dMA. Daily bars show a strong short-term downtrend is still intact and the technical situation did not get inspiring for the long side of things with today's move. We shall see what we shall see. Doug R

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