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 (16422)	5/6/1998 8:12:00 PM
From: Dave H	Read Replies (4) of 79352

Ocote, Well, it's official -- all the sell sequentials for the indices I mentioned were "perfected" today, meaning that the close today was lower than the close four days ago, and thus the sequentials won't recycle. Time to start shorting in earnest. >g< To those who don't know what sequentials are, it is a complex indicator developed by Thomas DeMark (a TA dude) that has the tendancy to find bottoms (buy sequentials) and tops (sell sequentials). The fact that all these indices (Dow, S&P500, NYSE, Nasdaq, Russell 2000) have just completed a sell sequential at the same time strongly points to a clear downturn that has most probably already started tuesday. -dave ps -- the 13 day RSI on the Dow looks pretty bad...

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