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 (20489)	8/13/1998 3:58:00 AM
From: Doug R	Read Replies (3) of 79270

Hmmm, Except for just barely less than truly impressive volume in the overall markets on Wed., the only salient technical point I find is that no buy signal was achieved by the Dow's performance of gaining 90 points. I filed a complaint to AOL's data provider. They have Wednesday's high for the S&P 500 as 1783.99...yeah, right. I entered the correct numbers and find nothing technically compelling there. The Russell 2K shows a bit more short term technical weakness on Wednesday's activity. Intermediate weakness will not be ameliorated by this. The 392 support will likely see a serious test. It appears that another hit is on the way. Doug R

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