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: Tom D who wrote (42060)	3/25/2003 1:56:17 PM
From: Doug R	Read Replies (1) of 79313

Hi Tom, With the 200 dMA now below the ACT and this last move up bringing the Dow into the range of the ACT, I find it very unlikey that we'll see the 8000s again for quite some time after this current visit. Any struggle to stay above 8000 could last a couple weeks but once it's over there'll be more of a liklihood that new lows will be seen. The markets may bottom this year and it'll just be a question of how low that bottom is as to how long before 8000 appears on radar again. The monthly high in 4/02 on ABTL is the last relevant reference high for it. A MIM would have to develop that's higher than that (above $5ish) before an MDTL could be established. Have you heard about the June 56er social gathering I'm planning? Let me know if you're interested in getting together with some of us.

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