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 (11227)	1/25/1998 7:47:00 PM
From: Ocote	Read Replies (1) of 79173

Re DOW 13 RSI I was watching for Dave's comment, but since he seems to be away, I thought I'd take a stab at your question: What date would you say the upcoming intersection is on? The intersection of the XY and AB seems to be on Feb 9, but perhaps I 'm not using the correct support line. Looking back at March, there was one last upturn through the support line before collapsing through it. On 10/17 the RSI hit the lowest support line and bounced off upwards until decisively piercing it on 10/24 at a RSI of 40. Now it would have to get below about 38 to pierce it. It looks to me on closer inspection that line(10/27, 12/24)was violated on Friday, meaning perhaps down towards line(10/27, 1/9). Is any violation, even 1 day, of either XY or AB, definitive? Ocote

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