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

To: Dave H who wrote (11068)	1/22/1998 11:02:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79281

Dave, "Is this first intersection the intersection between lines AB & XY?". That's correct. When I say, "...in the way.", the context is that the RSI could end up below the intersection and it would be in the way of the indicator's return up. Failure to break above this intersection would then indicate that a hefty drop in the Dow is quite likely. Just as a stock or index reacts to 1 trendline, reaction to 2 trendlines at the same time often produces a whole result that is larger than the sum of its parts. Doug R PS; GTAX may be breaking out now.