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: Dave H who wrote (10584)	1/15/1998 2:03:00 PM
From: ivan solotaroff	Read Replies (1) of 79296

Dave: I haven't bought DeMark yet (I lose 1/2 my day to this game as it is), but I agree in principle with: "I've been finding a lot more potential sell sequentials than buys." We're in the aftershock of the fourth-highest point loss in the Dow's history, and the market, which tried its best to rally is showing nothing but sluggishness. The divergence between the NAZ and the DOW can only be temporary. Sooner or later, either the Dow's gotta rise, or the NAZ has to plummet. I think the latter will happen. What I've been seeing this week is what I'm tempted call a RIP: Rally Into Putrefaction. Ivan PS: Ever the dreamer, I keep waiting for SEEQ to show some MEEP pattern for me to act on, but it's just stairstep down with such a steady downtrend, there's just no break to get in on.

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