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Strategies & Market Trends : Charts for Quick CASH $$$ -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (6666)	3/10/1998 2:42:00 AM
From: HeyRainier	Respond to of 9262

[ DeMark, MDRX, Oils, and BJCT ] Ray, The Thomas DeMark Indicator that you saw was an added feature of SuperCharts (and I believe it's also included in its lower-end companion, Wall Street Analyst). It's quite a neat feature, in that I can click on any day, and pop goes Mr. DeMark, with an analysis based on his indicators, and actually keeps automatic count of all the Sequential Setups, up or down. Here's one that's at the 8 Count right now: MDRX There's a nice White Bullish Hammer that briefly touched the longer term support level. Also, the close was nicely placed at the Gann Fan. RSI is at historical support levels; stochastics are oversold and have just crossed up, and TD REI has turned up. Even DeMark thinks all the relative indicators have formed a significant bottom. Also, that volume pickup was the cavalry to bring this back up intraday. "What Index are you using for Oils? A CBOE index?" As for the Oil Well Services Index you referred to, I am actually not able to give you an answer, because I don't know. The symbol I receive from Dial/Data is ##OILSRV, entitled Oil Well Services and Equipment. Unfortunately, it doesn't specifiy if it is a CBOE Index. And finally, for BJCT, I don't quite know what to think of it. I can see that teeny-tiny Ascending Triangle you may be referring to, but before it are progressively higher peaks (early January, early December) that make the characteristics of a breakout harder to define, IMO. Good luck with it. Regards, Rainier