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: Risberg who wrote (14507)	4/11/1998 6:23:00 PM
From: Doug R	Read Replies (2) of 79469

Risberg, Max, There appears to be technical resistance that corresponds to price downtrend resistance. A downtrend line in the 34 dRSI from 10/21/97 to 3/27/98 may prove to be the key technical barrier. The price chart has a downtrend from 12/1/95 to 10/20/97 that has to be broken as the 34 dRSI also breaks out. If these two breakouts occur, DBCC will move to the next range between 6 3/4 and 9. If it doesn't break out, it would likely drop to about 5. The overall TA profile is positive to neutral at this point. There are no sell signals but unless it breaks out, there are no buy signals here either. It's definitely one of those "situations in the balance". Doug R

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