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

To: Densiebj who wrote (34902)	4/5/2000 3:38:00 AM
From: Doug R	Respond to of 79284

D, "Thought you would take care of the market while I was on my way home from AC." Oops...it musta been my "short everything if GLW cracks" post. >gg< "Ballroom? What Ballroom?" All I did was ask for a nice quiet room to hold the roundtable in. They just...kinda...gave it to us. They kicked us out at 4:00 AM (Actually 5:00 since the clocks changed). 1438 on the S&P turns out to be an important S&P number on or about 4/24. When we worked it up for the DJIA the intersection in question was so far down and since it occured so soon, it didn't seem very probable. Well it happened alright. The important thing so far is that the DJIA closed above the intersection today. That may be an early indication that the S&P will do so as well when the 24th rolls around. If the index is below the intersection going into that day it needs to muscle its way through. If it's above the intersection going into that day it would be nice to see it as support...but either way, a close above it should be a good thing for the bulls. The manual has an example of how to put it together. Pages 59 to 64 show the lines that gave the date and price area in advance of a previous correction. Some call it voodoo ;-) Doug R