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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (558)	1/21/1998 9:15:00 AM
From: Kapusta Kid	Respond to of 745

BTW, the 5-day ARMS is overbought, while the 13-day ARMS is still oversold. Also, the TICK readings of the past week are not showing any extremes. Meaning: the market is on its own--no help from an extreme. I posted up new charts. Included one for the DJIA. DGLs show L3 resistance for the SP500 at 983, with L3 support at @903, about the area of the 200-day moving average. Contrary to what it may seem, I'm not a real believer in this Gann stuff (at least not yet). I'm just picking it up again, so you all are seeing how it unfolds right along with me. In TICK and TRIN we trust.... webspan.net Pete