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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 (41498)9/20/2002 8:23:05 PM
From: bruce-l  Read Replies (1) | Respond to of 79449
 
Doug:

3drsi/indrsi Ratio

3drsi in3drsi RATIO pre3drsi prein3drsi
hits hits hits hits

Last Mon 8 17 0.47 0 2
Last Tues 6 18 0.33 1 1
Last Wed 4 18 0.27 1 6
Last Thur 5 18 0.28 0 14
Friday 5 20 0.25 0 22

The weekend report.

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

AVII 4.550 11.8 -25.6 55.53 -2.8 128688 2
BSTE 28.440 47.6 2.4 73.53 4.8 432230
LANC 43.890 43.3 34.4 88.66 -7.1 195850

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

Autotrick Hits
BDN
DJO
FALC
ISIS
bruce



To: Doug R who wrote (41498)9/27/2002 4:31:02 PM
From: Doug R  Read Replies (2) | Respond to of 79449
 
In reference to the DJIA chart; volume on the day of the July low and the price activity that day was typical of a bottom. The following bounce led to the pullback to the current low. Volume for the low on Tuesday, being less than that of the July low was typical of a retest day.
The price bars on Tues. and Wed. (9/24 and 9/25), coincidentally enough, behaved in the typical manner that defines a possible ACT with a rate of increase of 1.81 pts/day.
With all this "typical of a bottom" stuff going on, a significant upswing can be expected. If that occurs, the prior ACT from 1994, currently at the 8500 level, will still be important but the 1.81/day uptrend from 9/24 - 9/25 will be somewhat more important.
Also, since the bottoming-like activity is so typical, any failure to maintain it as a bottom would likely be seriously negative.
October is going to be very interesting.

Doug R