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: Dave H who wrote (16435)	5/6/1998 11:01:00 PM
From: Ocote	Read Replies (1) of 79371

Market Watch Dave-- It's an eery feeling with so many indicators pointing down. You are right about the RSI 13. When the RSI 13 begins to break below 50 and the ROC 13 pierces 0, that's when the rockin' and rollin begins and that is what is happening today. It happened on 10/23 and on less serious corrections. Please fasten your seatbelts, we may be experiencing some turbulance for the next few days. Please extinguish any burning daytrades until the light is turned off! Ocote PS. I think its interesting how the media explains each of these turns in the downturn. The first false rally is called "climbing to new heights on a perfect economy", the topping of the RSI 13 before the next drop is called " taking a breather from a red-hot market", when the indicator turns slightly downward it's called "inflation jitters" and when it really begins to look bad we go to the Euro, Japan and poor earnings. Its so consistent its predictable, but as Doug says....no one in the media has a clue.

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