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

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To: Doug R who wrote (16762)5/12/1998 9:18:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 79378
 
"SO WHAT????"

I daytrade and short term position trade index options....so the "SO WHAT???" is irrelevant to me. What I care about is day to day....

So my basic question to you is...do you still see this week as an up week given what happened yesterday with the bond and the overall market indicators?


To: +Ocote (16693 )
From: +Doug R
Sunday, May 10 1998 10:03PM ET
Reply # of 16778

Ocote,

Looking as hard as I can at the Dow technicals, considering a higher low was just put in
on the 13 dRSI and no downside acceleration in the 233, 21, 34 stochastics, I'm going
to play this week as a long week. The 7 (now 5) week horizon for a "scattering" is still in
place but it's now leaning even more toward 7. Still plenty of time to "play" long.

Doug R
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