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

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To: bdog who wrote (21271)9/14/1998 2:32:00 AM
From: Doug R  Read Replies (1) of 79317
 
Bardog,

Can I use you're bear post as a contrary indicator? I have a 13 dRSI indication the the S&P 500 is about to decide it's had enough of all this selling. Nothing gangbusters but the profile may be changing from sideways to down and gathering a bit of sideways to up steam. We'll end up at an overall sideways to up for the year out of it all. I think we just saw one of those technically scary periods I mentioned about 5 or 6 weeks ago. The technical profile is looking more and more like 1994 but slid forward in the year by about 4 months.

Doug R
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