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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 (15461)4/25/1998 4:26:00 AM
From: Solipsist  Read Replies (1) | Respond to of 79270
 
3d RSI? and a request for RADAF

Hi Doug,

I've noticed you mention the 3-day RSI trick on several occasions.
Is this a proprietary thing of yours, or has it been explained here
in the past?

Thanks for your comments on the S&P... they make for interesting reading. Was wondering what you think of old RADAF at this point.
If you were in it, would you cash out in light of an anticipated
correction, or would you hang in there?

S.



To: Doug R who wrote (15461)4/25/1998 10:17:00 AM
From: Ocote  Read Replies (1) | Respond to of 79270
 
Important sell signal Wednesday--

I call it the too good to be true signal--when all my stocks are going up, I make about 5-10% in one day, and feel like I'm finally in the groove. It has never failed to precede getting my nose ground into the dirt the next two days.

The other classic signal is the blowoff of internet stocks.

Ocote



To: Doug R who wrote (15461)4/25/1998 11:28:00 AM
From: ivan solotaroff  Read Replies (2) | Respond to of 79270
 
SPX

Doug,

"Ivan will no doubt find a MEEP on 5/6 at 1009 for the S&P."

Uncanny. That's about .05% off from where I saw it. I was using the October and January spike lows to project a descending-triangle apex from your correction. Doug, it's one thing to project the market. Quite another to foresee what my completely bogus personal misinterpretation is going to be.
Spooky.

Ivan

PS: Does this mean MEEP theory is not entirely baseless?
PPS: Yo blood, check out this cat named AGP, which 9 flagged me about: It signaled on volume yesterday, but the volume seems to have been one 300K dumper taken on it in mid-day. More perplexing: It seems to have signaled three weeks ago, and done basically nothing with the signal. An eyeball of the chart shows a stock stuck in the $7s. I'm wondering if you'd call it "putting in a lot of work" and get excited about it. Other than those reservations, I have to say it's one of the best-looking signals I've seen in a long time. I love the long flat base, and the gradualness of the descent into the signal--using your former play BMC as a precedent.



To: Doug R who wrote (15461)4/26/1998 8:49:00 PM
From: bdog  Read Replies (1) | Respond to of 79270
 
Doug... AINN, SPX ...

AINN had an inside day followed by a huge outside on Thursday..do you watch for these days to give indication of direction? The outside day with close to downside suggests short term down for now.

Also using a semi log scale has price touching the up trend (9/30-12/30) on friday where using the basic arithmetic chart has it .46 above it. You would be out faster using a log scale and in faster using an arithmetic scale. hmmmm.

Same with SPX... break of uptrend on 3/30 with log and 4/7 with arithmetic scale.

Pring suggests to use a logarithmic scale as it reflects crowd psychology better. I don't listen to any body too much as evidenced by you getting out those goof irons when addressing me....>gg<

Your thoughts?
Nice to chit chat as always,Mr. URL King!

bdog