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

To: Ocote who wrote (11497)	1/28/1998 9:58:00 PM
From: Dave H	Respond to of 79178

Ocote, re the DOW; Take a look at the line drawn from the highs on 12/5/97 & 1/5/98; notice how today's action was stopped right at this line. This line is quite important, since it defines the downtrend since 12/5. Does the RSI breakout imply a breakout of this price resistance line? A valid breakout above this line could be the start of a 500 point move.... -dave