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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 (37349)10/20/2000 9:09:22 AM
From: Magnatizer  Read Replies (1) | Respond to of 79180
 
Doug,

I really like SP to low 1430 are to retest that key magnet trendline. I am still bearish with a move to 2612 on Nas 100 in my sights. The reason for the bearishness is the completely unnecessary return of nas comp to the 3222 magnet. For instance, in 1987 when the SP returned to finish the test of its horizontal it was over and done with no retest, ever.

There is some concern to my bearishness in the form of the SOX. It has completed dual bullish formations (gartley and butterfly) and if it closes up here today it will verify them with a bottom type candle. The targets from these formations range from mid 900 to low 1000 level.

ht
Mag



To: Doug R who wrote (37349)10/20/2000 9:43:52 PM
From: bruce-l  Read Replies (2) | Respond to of 79180
 
Doug:

The weekend 3drsi report.

3 drsi 1 day 89,3,5 1 wk avgvol
chng Sto chng (0,-29)

ABS 22.500 36.6 -6.3 15.33 0.0 2190593
BLOCA 52.188 46.4 -12.4 94.66 -0.3 153450
DVA 10.688 72.2 7.7 92.15 4.1 466947
HOWT 3.625 61.6 3.6 74.07 -5.1 100267 2
HRBT 14.438 46.7 -13.9 82.94 -1.5 77573 2
HRC 11.812 74.9 2.7 92.86 10.4 3724254
LUV 26.375 83.5 0.0 91.35 18.1 1702513 2siu
PENN 17.250 60.2 4.1 88.63 -6.0 103947 2
SUB 34.250 52.6 -12.0 62.83 2.2 1537550 2
URB 47.625 77.4 12.2 99.15 0.6 314867 st

End Column Code
2 = Secondary 3drsi
st = signaled today
siu= (Signal If Up) IMO - The final call needs to be made by you though:-}

3drsi ratio

3drsi in3drsi RATIO pre3drsi prein3drsi
hits hits hits hits

3 wks ago 54 133 0.41 6 15
2 wks ago 35 137 0.26 6 21
last wk 30 150 0.20 2 15
This wk 16 154 0.10 4 3
geocities.com

Autotrick Hits
ABFS
BTGC
FILE
GDT
GPU
KLU
MCL
NETA
OLOG
PAG
SNRZ
TARO
URB
WCS
WZR

bruce