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

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To: Magnatizer who wrote (15335)4/23/1998 2:17:00 PM
From: Doug R  Read Replies (2) of 79258
 
DRAT!!!

I'm getting a strong preliminary indication of a market selloff starting in one to three days. For those with long term positions, don't sweat it. For anyone waiting for a newly purchased stock to move, sweat it. I am. I went to cash in my short term acct. I hope I'm just over reacting but I am willing to sit in cash for a week and wait to see what happens here. I suggest the technically versed folks check it out and let the thread know what you get.

Gold stocks moving up alot recently.

233, 21, 34 stochs. are very, very nearly crossed negative. 13, 8, 8 stochs reacting negatively to the 80 line. 13 day RSI trending down since 3/20. 13, 25, 2 SMI shows "classic" top pattern. Other stuff too.

Doug R
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