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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 (12955)	3/2/1998 4:22:00 AM
From: Chip Anderson	Read Replies (3) \| Respond to of 79516

Re: I don't think we're in for a correction anytime soon. I agree that, on a purely technical basis, there's not much right now that would prevent the markets from moving higher. But that's mainly because everything's in record territory at this point. The contrarian side of me keeps reminding me that "Record Territory == Oversold" and the fundamentalist side keeps reminding me that pre-announcement season starts next week in earnest. One thing's for sure: Increased volatility! Everyone: We recently updated "Chip's Charts" to show at-a-glance how the major markets and sectors are performing relative to one another. We also added a "Market Internals" page that plots TRIN and the McClellan Summation Index for both the NYSE and the NASDAQ. If you want to quickly see the major trendlines and support/resistance levels for the major US markets or the S&P economic sectors along with my analysis, check out coolhistory.com and let me know what you think. Chip

To: Doug R who wrote (12955)	3/2/1998 6:57:00 AM
From: Ocote	Respond to of 79516

Re: Dow, CMED, etc Thanks for your time on these. The 13-day RSI has been a great tool for the Dow and I appreciate you sharing it. Ocote