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: Vitas who wrote (29292)	5/9/1999 12:13:00 AM
From: Doug R	Read Replies (1) of 79260

Vitas, Well, the Dow tripped the comkey on 4/8 but the 3 dRSI didn't follow up and paste to the ceiling. This only says there's nothing especially useful from that perspective. I have been using a 13 dRSI system on the S&P 500. When that's applied to the Dow here, which is what I used to use it on until the Dow started acting a little nutty (a technical term), there's good strength. BUT the S&P is an entirely different profile. There's one line of support left and Friday's move hit resistance. A move over resistance still leaves the S&P susceptible to 3 other resistance lines and a triangle apex coming up that coincides with David J's stuff. After looking at it all, I have to remain in the correction camp for another few days. By Thursday, there'll be an entire reassessment necessary if the technicals can hold on. Doug R

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