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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (30317)6/18/1999 9:45:00 AM
From: MikeD  Read Replies (1) | Respond to of 79216
 
Doug, Thanks for sharing the IM discussion between you and milesov on the S&P. Great TA there, "weight". Is that a featured topic in the seminar? By the way, can you provide a read on FSII?

Thanks,
MikeD



To: Doug R who wrote (30317)6/18/1999 11:26:00 AM
From: regine  Read Replies (2) | Respond to of 79216
 
Doug,

thanks for the postings.. I still follow you silently..

I am trying to find the index for internet stocks...
symbol and site if possible, thanks Doug

regine



To: Doug R who wrote (30317)6/18/1999 11:41:00 AM
From: Tom D  Read Replies (1) | Respond to of 79216
 
Doug
AMVC- purchasd this in the low 1's when you mentioned it awhile back. It appears to be a safe holding and is inching upwards. Looks like a gap up the other day. Any thoughts?

Very interesting discussion. Thanks. I'm not making new investments until all of this is resolved.

Been away in Florida for awhile.

Tom



To: Doug R who wrote (30317)6/18/1999 12:37:00 PM
From: Sergio H  Read Replies (1) | Respond to of 79216
 
Ola Doug. Thanks for the Peg alert. How does the CHS chart look, right about now?

Thanks,

AS



To: Doug R who wrote (30317)12/5/1999 5:29:00 PM
From: Doug R  Read Replies (1) | Respond to of 79216
 
13 dRSI system update for the S&P 500:

Lines start from the indicator low on 8/10/99.
Line 1 goes across 9/16 low.
Line 2 goes across 11/23 low.
Line 3 goes across 9/21 low.
Line 4 goes across 10/4 low.
Line 5 goes across 9/28 low.

Line 4 has been used as support on 10/26 and 12/1. The indicator bounced off line 4 on 12/2 moving to line 3. On Friday the indicator accelerated through line 3 and has also broken above line 2. Expected activity would be:
1.) a move to line 1 which would likely be seen as resistance (an outright break over line 1 would be extremely bullish)
2.) a dip back to line 2 to look for support.
2a.) if line 2 is used as support, another break over line 1 would ensue.
2b.) if line 2 does not hold, a drop to line 3 would ensue.

Only a break below line 4 would signal the technical start of a correction. The market could still go higher for a while after a break below line 4 with the indicator moving back to line 2 but the series of moves on the indicator would shift to that of hitting lower and lower lines as resistance from below while stepping down through lower lines after each resistance hit.
So, a move under line 4, followed by a move up to or above line 2, a drop under line 3, followed by resistance back at line 2 (or possibly 3) then a drop to or under line 4 again would be a warning that the indicator is ready to go oversold again. Until then...the bias on the S&P is very much UP.

Doug R