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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: bdog who wrote (24421)12/19/1998 6:51:00 PM
From: milesofstyles  Read Replies (5) of 79243
 
bdog,

i sat in cash too, the market did signal the sell. i looked at a line chart of the dow, and the neckline of the h and s of the top has not been repenetrated to the upside yet, on that same line chart off the low has set up a mini ihs, the dt of many of the indicators are broken it looks like,that new toy you sent says we're ready to go. the 89.3.5 looks pretty strong here and the 13.8.8 is setting up nicely. if i had to choose my direction i would say up next week,seems the market is ignoring the politicals so far, i think i will pick my spots carefully for now, til we see if we are gonna get a few more higher lows to set up that shoulder that doug has mentioned, but in all i don't think we have missed much being on the sidelines, looks like the signals are just getting under way on the dow.
geez, there were ihs's in the 3 and 13rsi's of the naz...who's in charge of those!!!!!

shouldabotatekov
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