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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Warthog who wrote (29962)5/29/1999 12:46:00 PM
From: Doug R  Read Replies (1) of 79296
 
Wart, Bob,

PARS:

The 3 dRSI was loosely pasted. The first day value was 94.28 but the previous day had a decent value too at 92.58. I like 3 days over 95 myself but 4 days in the 90s should work. It's at least started the hitch and may set the top of the hitch higher than here. A down or flat price on Tuesday would complete the hitch. An up day would raise it but a signal from a raised hitch could possibly occur at a price that's higher than 1 11/16. Entry on Tuesday would require waiting anywhere from 2 to 6 days for the trick to signal. As long as that is kept in mind, it's a low risk opportunity. A large position would best be entered in pieces as the trick progressed through the last couple movements necessary in the 3 dRSI.

Doug R
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