Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Magnatizer who wrote (36800)	9/3/2000 11:10:52 AM
From: Doug R	Read Replies (3) \| Respond to of 79324

Mag, Speaking of C&Hs....completion of the current upswing on the S&P to the '87 line would form a double top. The last several times the indexes pasted the 3 dRSI there were good corrections shortly after which then led to significant bull runs to new alltime highs. A top at the '87 line followed by a correction to the '86 line would set up a C&H on the S&P as the market climbs out of the correction. Get ready to short for some nice gains. After that a strong, long stance will lead to some nice compounding. Doug R