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: Magnatizer who wrote (22075)	10/14/1998 2:34:00 PM
From: Doug R	Read Replies (1) of 79270

David, The swing up we've had since the price trend intersection is the shove. Price moves up in the days ahead of the magnet trend intersection then peak on the day of that intersection. I looked at the 13 dRSI lines too. 8027 is where RSI resistance/support is The value is 53.45 +/- .5 Yesterday the 13 RSI found support on the 50 line. Also, how come nobody has mentioned that last week as the R2K, Naz and S&P made new lows for the correction/bear market/whatever, the DJIA did not. That's a non-confirmation signal. You can bet that if the same happened had the market been making new highs, every analyst and their uncle would be shouting, "Non-confirmation!! Non-confirmation!!", at the top of their lungs. Doug R

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