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: Ocote who wrote (16036)	5/3/1998 9:38:00 PM
From: Doug R	Read Replies (2) of 79382

Ocote, I just got done looking at the Dow (haven't checked the S&P yet). The 4, 3, 2 stochastics downtrend is still intact and may be setting up for some acceleration to the downside. The 7,3, 10 stochs. just crossed positive and the %K on the 89, 3, 5 has kicked nicely off 80 and crossed positive so for this week it looks reasonably safe for short term trading. The 233, 21, 34 is still under the weather as is the 144, 13, 8. The 13 dRSI isn't particularly strong yet either. I'm watching for whether or not that broken uptrend line in the 55 dRSI will become resistance. There may actually be room for another new high without the 4, 3, 2 breaking out of the downtrend or if there is no acceleration down in the technicals but it's not out of the woods yet. The Euro talks sailed through yesterday so that will help I think. Interested to see what you and Stan S. see in all this. Doug R

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