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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 (32908)	1/29/2000 3:32:00 AM
From: Doug R	Read Replies (6) \| Respond to of 79223

Message #32909 from Doug R at Dec 5 1999 5:28PM Message 12193730 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. 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. ____________________________________________ The italicized part occurred from 12/8 to 12/31. The bold part occurred on 1/3 with the S&P 500 closing at 1453 that day. The 13 dRSI system on the S&P is not something to ignore. Monday or Tuesday should be the bottom as the 13 dRSI goes textbook oversold. Then it will be time to watch for stocks that quickly return to the most recent, significant uptrends and stocks making new alltime highs and stocks breaking out of strongly held short term bases on volume. Doug R