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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (1860)	1/9/1997 2:06:00 PM
From: SteelBlueIce	of 12039

Hi Dave, Just want to bring to everyone's attention that your chart of LE has some really great correlations. You mention that you can either use the DNS or the srsi14. You can in fact use both, here's how- Novembers srsi14 buy signal yielded a much stronger move compared to it's previous buys because the stock was in much better technical shape. I say that because DNS stayed above 3 this time. The other instances that srsi14 fell thru 30, DNS fell thru 3. Not so in November indicating that the stock was very strong and the srsi14 gave an exceptional signal. For new readers, DNS triggers a buy at 8 and remains a hold above 3. When you apply a shorter term indicator, especially one thats really different like srsi14, an oversold reading is that much more forceful when your longer term indicator, in this case DNS, is strong. go to Dave's site below and check it out. world2u.com Regards, Jerry

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