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

To: bruce-l who wrote (41457)	8/27/2002 11:50:19 PM
From: Doug R	Read Replies (11) \| Respond to of 79449

Bruce, Last time the 89,3,5 needed watching it took 5 trading days to get itself back together again. That was from 8/2 to 8/8. Now that it's likely to cross down again shift to the 3,1,2 and 4,3,2 and 13,8,8 for indications of whether it'll turn back up again soon. With the 13,8,8 up over 80 it'll either be a solid move back up or a hard move down. First thing to expect will be a hinge toward up on the 3,1,2 since its back into oversold. If the 3,1,2 can build an upward xover and accelerate through it, the 4,3,2 should bounce off 20 leaving both with plenty of room above to crank the 13,8,8 into a bounce off 80ish and another step up for the 89,3,5. A hint that a solid move up will be the case is seen in the 3 dCCI. Look at that with an overlay on the 13 dCCI. Strength in upward price movement would come when the 13 moves over 100 as long as the 13,8,8 stays up. If the necessary activity for upside does not occur the case for a hard move down is seen in the resistance that 20 would provide on that 377,54,89. Bounces back down off an attempt to break over 20 almost always see serious downside price movement. thanks for linking to those charts for all to reference, Doug R