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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Bretsky who wrote (29123)5/5/1999 11:55:00 AM
From: Doug R  Read Replies (2) of 79214
 
Bretsky,

Dow 10K never really got a retest. 9700 may be the bottom. From everything I've looked at I get the impression that a 12% correction is the most likely.
On a technical level, when the 13 dRSI on the S&P and the Dow gets below 20 on a huge volume (around 1.5 billion on the NYSE) exhaustion kind of day...that's the bottom.

Doug R
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