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: Doug R who wrote (54892)	7/29/2019 1:48:12 AM
From: Doug R	1 Recommendation of 79230

OOOPS - I don't know how I missed it but this situation DID occur once before in the last 30 yrs. The SPX went through the lines and ran from 800 to over 1100 in a year. The paste went from 11/95 to 6/96 and both the reset and trigger lines were broken in May/June 1997 at S&P 800. August 1998 had a normal correction after the move and those same two lines were broken to the upside again on the move up out of the correction that went from 1100 to 1500. Back to back 30% moves on the S&P on a monthly trick signal. Then the bursting tech bubble didn't begin to recover until after the trigger line cleared from the chart. So....the formation has a history...an interesting one. Should be interesting again. What's a Fed to do? heheh.

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