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 (11186)	1/23/1998 7:51:00 PM
From: Ocote	Read Replies (1) of 79183

Doug-- Following the Dow RSI model, it looks like todays down left us at yet another intersection. My inclination would be to think that it will bounce upward and then back down off one of the innumerable intersections above which have already shown downward reflectivity. For fun, try your same model on the XAU. Huge breakouts on some gold stocks I've been watching today, many over 10 %. The XAU is in the AOL database. Today the RSI 13 broke up through both an inverted H & S and used the trashed downtrending resistance as support. Wondering whether this may presage a breakdown of the treasury rally and flight to gold. This is my study area over the weekend. BTW, my big cup breakout, NBTy, rose 12% on blowout earnings! Best wishes Ocote

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