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

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To: Winston Kim who wrote (22074)10/14/1998 1:22:00 PM
From: Magnatizer  Read Replies (1) of 79270
 
Thread

we are approaching some important points on dow and sp5

conversation on IM

magnatizer: dow next res. 88
magnatizer: would be awesome if we could get over it. it is a normal trendline connecting 4/14/97 to 10/28/97
magnatizer: trendline crossover Friday
Tiric: I'll take a look. And check out the 13 dRSI lines too.
magnatizer: sp approaching the trendline which was used as support 10/28/97. connect the lows on 8/2/96 to 4/24/97

the trendline crossover I was refering to is the magnet trendline crossover in the 7600 area. If we are above it when it happens it is likely to give a nice shoove.

ht
david
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