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

To: Warthog who wrote (41748)	12/10/2002 1:06:56 PM
From: bdog	Respond to of 79163

Wartgoldhog, " ps: Is BGO a gold stock??" aye,,, Bema Gold maybe she retraces to the 1.12 or 1.06 area? bsilverdog

To: Warthog who wrote (41748)	12/10/2002 11:31:37 PM
From: Doug R	Read Replies (2) \| Respond to of 79163

Wart, You have the ACT on 10/22 - 10/23 I'd say. That would be correct. Good job. My data shows a low on 10/23 of .54 with the ACT rising 2 cents/day over 32 trading days to reach 1.18 yesterday when it was severely tested. The low yesterday of 1.07 was 9.3% below the ACT. That shaves 9.3% from the RR. The high after IL violation was 1.93. The % drop from there to 1.18 is 38.8%. Less the 9.3% leaves an espected RR of 29.5%. That yields a target of 1.52. Doug R

To: Warthog who wrote (41748)	12/10/2002 11:44:39 PM
From: Doug R	Read Replies (1) \| Respond to of 79163

Other IL/ACT stuff. Dow ACT established on 12/9/94 rising at 2.4742424242... points/day from 3638 for 8 yrs and 1 day. 250 trading days/yr for 8 yrs + today is 2001 days. 4951 points of advance to 8588 as of today. After falling through the ACT yesterday the Dow did not recover back over it today. A continued falling away from the ACT from here would likely get things back under 8000 again fairly soon. Recovery back over the ACT could again lead to an attempt to reach the 200 dMA. Daily bars show a strong short-term downtrend is still intact and the technical situation did not get inspiring for the long side of things with today's move. We shall see what we shall see. Doug R