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: bruce-l who wrote (21146)	9/9/1998 2:57:00 AM
From: Doug R	Read Replies (5) of 79449

Bruce, If FMXI broke the signal line...short it. That's what the inverted trick is supposed to bring out...especially on a day like today. Geez, that was quite the index intersection today. The only problem was that everything gapped up and gave no real opportunity to participate. The technical profile of the market was weak going into the intersection. It was a very well managed "turn on a dime". There are scads of technical and fundamental folks that swear the entire market is "manipulated". Today added some credence to their arguments. I had been saying for weeks that Sept. 8 was going to be a huge day. The problem I had was that I could not ascertain the direction. You know I have a wide ranging arsenal of TA stuff. Today showed why I use so many tools. Even then, I was stymied as to direction. I had the "hugeness" pegged but the technical profile was so well "managed" that even I was drawn into a negative perception of the situation. That's the first time that has happened to me in 3 years. I'm pissed off at that. There have been well over 100 people at my seminars now. No negative reviews. A lot of attendees have gone on to discover ground breaking TA applications. We're approaching "critical mass" on the thread now and I am going to expect a greater amount of critical analysis contributed by the most astute of the attendees so that a more profound level of "voodoo" >>gg<< will bring this thread to the potential I envisioned at its inception. Each seminar brings a greater "meeting of minds" into the effort. Some people come and go but as long as the effort remains intact, the individual goals each of us have for ourselves and/or our families will have the combined support and effort of everyone involved. (Yeesh, I know it sounds sappy but every 4 or 5 months I give a "State of the Thread" address. It's been a few weeks overdue so in case you haven't seen one before, my motivation and "theme" has been the same since the thread's inception. No hype, no greed, no ego. Just a goal>>>>>a better future for those dependent on our financial success. After all, that's what my parents worked for. That's what I feel is important. The state of the global economy and the US stock market afford me the opportunity to help secure my childrens' futures so I'm going to put it to use as best I can. I realize that the emotional side of a family is just as important and I work on that too. BUT, there's more to the future than emotions. It's a large job...I'm going to get it all done right) Take this as a challenge and a promise. Ok, you won't have to put up with a post like this for several months again. NOW, Where's those charts that have regained their most recent significant uptrend???? You folks have had 10 hours to find them fer cryin' out loud! I've shown 100 people how to do it. C'mon...give 'em up! Doug R

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