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: George R. who wrote (16187)	5/4/1998 10:15:00 PM
From: Ocote	Read Replies (4) of 79382

S & P 500 That's some sort of high octane fuel you added to that scan, George. I'm sure no one cares anymore, but the S & P 500 RSI 13 has not broken out yet (remember, you can hit the forward button at this point if you don't want to read this). In fact both the RSI and ROC hinged downward as they approached the downtrend line. The very short shochs turned over and the less-short stochs are still up but nearing overbought ranges. According to this, the S & P would experience a downward jolt in the next 18.7 hours, give or take a few minutes. So while you all make gobs of money, I'm sitting here watching my little computer model predicting a continuing downtrend. <sigh> Ocote

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