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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Dave H who wrote (11260)1/25/1998 11:05:00 PM
From: Doug R  Read Replies (2) of 79597
 
Ok Dave,

Yeah, yeah, AMZN is a short term short now. BUT WHERE WAS EVERYBODY WHEN IT WAS SO OBVIOUS AS A LONG TWO WEEKS AGO!!!??? >>>ggg<<<

Well, AFC wins. Elway finally prevails...cool. Down year on the Dow? The 13 day RSI dynamics tend to point that way. The 200 dMA is under pressure and will become resistance going forward. Avg. bear market is 8 mos. End of June '98 would be time to start watching for a turn back up. I expect a relatively weak bear market after the next Dow break down. The fed will likely lead.

Doug R
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