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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From: Doug R	6/21/2008 10:11:22 AM
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ALSO concerning the ACT. Intersections of valid pivotal and/or fundamentally meaningful trend lines very often prove to be very consequential. I just heard on a radio program that the DJIA is breaking below a line from the 1974 low. I don't have data from that far back to run it myself but it would mean the ACT and the '74 line are intersecting here. THEN...there's this 50 year logarithmic chart of the S&P 500 using a line drawing technique very similar to one of my own: eparity.files.wordpress.com Doug R

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