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: Doug R who wrote (17388)	5/21/1998 11:21:00 PM
From: Ocote	Read Replies (1) of 79488

13 day RSI Model -- Questions The 13 day model shows a breakout in the market....but it don't feel like one. It makes me wonder.... and stare at my monitor. For a change of pace, I tried looking at some more intermediate term indicators, that hopefully would give less of a false trigger, but again be slower to signal. The RSI 34 seems to give a different interpretation. On the S & P, the uptrend was only broken in the past few days, and the downtrend is still intact. On the Dow, the appearance is similar, though an old downsloping resistance line from the beginning of the year is giving support. The intermediate stochs, especially the 55,13,21 look like the attempted crossover to the upside may be failing. What's your take on the all this? Ocote

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