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 (21484)	9/20/1998 2:33:00 AM
From: MechanicalMethod	Read Replies (1) of 79230

Doug, Examining weekly charts of the indices, I note the Russell 2000 closed at it's high for the week. Any close at the high, but particularly a weekly close, is a screaming gtg candlestick signal. The Dow, SnP, and Nasdaq all pulled back to center, giving up half of last weeks gains. Friday, the Russell 2000 ran nicely at the open and again at the close. The following percentage gains are for Friday 9/18. Russell 2000 ..... + 2.24 % Nasdaq .............. + 1.06 % SnP .................... + 0.12 % Dow ................... + 0.28 % Just my opinion, small caps lead last weeks rally because they are oversold. The R2K gave back 16.5 months of gain during the correction, while other indices corrected 8 months of gain. osci

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