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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST

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To: HairBall who wrote (660)12/6/1998 7:26:00 PM
From: Doug R  Read Replies (1) of 99985
 
LG,

I expect the Dow to be within 100 points or less of that little triangle at the time that triangle rolls around on the calender. As I mentioned in the original post, I will be using a system I have developed using the 13 dRSI to determine the direction from there. It's kind of proprietary but I did post a great example of how to run it on my thread about a half year ago. I'll see if I can find the post and I'll put the link to it here.
One point I have to make about drawing lines on a chart...if you don't get them EXACT, they are useless. Some lines I find originate years ago. It's a matter of the difference that 1 or 2 degrees makes when extending the lines forward that is an essential consideration.

Doug R
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