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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 (33672)1/26/2000 3:31:00 PM
From: Doug R  Read Replies (2) | Respond to of 79230
 
Very nice....

Greenspan just mentioned the S curve in reference to productivity gains achieved by advances in technology. He basically pointed out that he still assumes the curve is in the "sweet spot". Wow...he's paying attention to Dent.
He's leaning toward capitulation on his hawkish stance on interest rates (the upcoming token hike notwithstanding).
Coupled with the recent 10 yr/30 yr rate inversion, it is becoming clear that another "drastic" downturn in interest rates will begin in 6 to 8 months.

Remain bullish,
Doug R



To: Doug R who wrote (33672)1/26/2000 5:23:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79230
 
ROHN

Doug,

FWIW, was looking at my favorite 8dRSI on this guy, then decided to try a little paste homework. It had a nice little "knee-jerk" reaction in early December, good for the usual one-day 10%. But look at this weird result for where we stand now:
tscn.com
Definite ACT, yet it's only just emerging from the baseline of this (admittedly crude, but probably not entirely inaccurate) study.
Bullish, I presume, Dr. R?
(Note also that of this 11-day uptrend, all but three days closed in the bottom half of the staff. Quite unusual, in my experience.)

Ivan