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

To: bazan who wrote (14333)	4/6/1998 12:01:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79326

Miguel, We'll see. I haven't run a TA of the indexes so I can only go by the 1,000+ charts of individual stocks I have seen this weekend. If the trend in list size is correlated to the rest of the market, I'd have to disagree with a correction so soon. AOL data is back up so I guess I'll run a TA on the Dow and S&P next. Doug R

To: bazan who wrote (14333)	4/6/1998 1:21:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79326

Ok Miguel, The Dow shows a technical setup for a move to 10K (not all in one day, mind you). I see no indications of a sharp correction starting any time soon, much less Tuesday at 2:00. The only weakness is in the loftily named Ultimate Indicator (parameter set 21, 34, 55). Even that isn't flashing a sell signal here. There will always be corrections and bear markets and dips, whatnot and such but until you see the %K in the 233, 21, 34 stochastics drop below the %D, there's no reason to sell. Doug R