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 (17857)	5/30/1998 3:29:00 PM
From: Ocote	Read Replies (1) of 79230

Expert....nah; trainable...yes. TFCE-- It's a beaut, Doug. I didn't expect to see something like that during a correction, and if it can do that during the past 2 weeks, it must have something very good going for it. HTF MIMBO 89 MA/MLR x-ver IHS breakout. What can I say...it looks like a designer stock made according to your specifications....and yes, I did look at the whole chart<gg>. Regarding the S&P and the Dow, see my comments on my last post. Only thing to add: MACD threshold broken. To me, the question is not whether we will continue down, the question is whether it will be a crash this week or continue grinding downward slowly. Do you agree that the first RSI peak below 50 and a ROC peak below 0 can be a typical "final warning"? Also, regarding the RSI 34, do you agree that the downtrend line extending from late '96, is still in effect, since it has been retested and has become resistance? Ocote

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