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: Warthog who wrote (28256)	4/9/1999 4:31:00 AM
From: Doug R	Read Replies (3) of 79180

Thanks for the chart Wart, As per my latest "roadmap" posts on the Dow and S&P, check out that triangle on the S&P's 13 dRSI and the 2, 1, 2 stochs on the Dow. The 2, 1, 2 chart shows extreme strength in that there hasn't been the type of configuration just exhibited for over 12 years. I'll have to check it back to '78 I suppose. On the S&P, the 13 dRSI triangle was broken to the upside. I had stated that the market required real strength this week. Well, it's there. If you could put up those charts on your page, I'm sure many would appreciate it. The 6 dSRSI will likely show a "stutterstep" pattern for the next week or so and refuse to pull back. If the R2K can move up just a few points, all cylinders will be firing. The yield on the 30 yr. bond is trending quickly down toward the next important pivot at 5.35%. If it goes lower than that...geez...buy everything. thanks again, Doug R

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