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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: Jan Robert Wolansky who wrote (1502)	1/29/2000 10:31:00 AM
From: Jan Robert Wolansky	Respond to of 1551

Here's Doug R's RSI analysis of the S&P 500 (from the 56 point TA thread): "To: Doug R who wrote (32909) From: Doug R Saturday, January 29, 2000 3:32 AM ET Reply # of 33736 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 "

To: Jan Robert Wolansky who wrote (1502)	1/29/2000 12:50:00 PM
From: Allan Harris	Read Replies (2) \| Respond to of 1551

The MOB drawn from the low on Jan 5 for the S&P 500 has a black mark on the left hand side, suggesting it doesn't have enough info to be conclusive. I don't know how much weight to put on the black "marker" insofar as yesterday appeared to be a direct hit on one of the two vertical black timing lines embedded in the MOB. Plus, as you pointed out, we are seeing a very nice Type #1 pattern setting up on the index. Throw on the Cycle study and you begin to see the weight of the evidence lean toward a bullish outcome from current levels. A