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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (22023)10/12/1998 12:02:00 PM
From: Doug R  Read Replies (1) of 79284
 
DJIA update:

The last line of 13 dRSI resistance today is at Dow 8070. Some interesting things occurred last week:
Ya gotta love those magnet trend intersections on a hold of magnet line support during a price trend intersection volume reaction!!!!!
The Dow is going comkey today.
IF it holds 8070
On the price trend intersection the NYSE traded over 1 billion shares for only the 3rd time ever. That's the price trend intersection volume reaction.
The DJIA held that 7724 magnet line.
Those two events happened a week before the magnet trend intersection on 10/16 (prices almost always run up leading into a magnet trend intersection).
Sooooooo,
I plugged a close of 8070 into the Dow today and ran the comkey specs on it. A close above RSI resistance today will put the DJIA into comkey mode.

Doug R
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