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Strategies & Market Trends : P&S and STO Death Blow's

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To: SGJ who wrote (30517)10/2/2004 1:38:21 PM
From: SGJ  Read Replies (4) of 30712
 
On the weekly: Full STO and RSI have been granted a reprieve from a DB by Friday's action, but still non committal as to direction. We could still get to 2000 easy over the next few weeks without the weekly TA indicating a long term trend change to Bullish. Long term trend change (Weekly AV) would fit nicely with a run to 2153 over the next 5 weeks then a pull back after the election to 19XX then a powerful move up. Jeffs weekly PPO (5,10,1)is also supporting.

On the Daily: More support for the continued upward move is the Daily RSI which for the first time in a long while is looking like it got stoked with a shot of AV. Daily Full has more room to run, pulled by the Fast and Slow. And bears and bulls alike would have to agree the daily PPO says up is the short term call.

Jeff, if you are out there, please comment if I am butchering your TA. :-)
GLTA
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