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

To: George R. who wrote (16812)	5/12/1998 9:59:00 PM
From: Ocote	Read Replies (2) \| Respond to of 79378

Market Watch 13RSI Model It looks to me like both the S & P and Dow stuck their noses through the downtrend in the 13day RSI. Whether they plan to push through and end the correction or pull back and head down, I have no idea. The Advance decline ration is still negative in all the indices despite an up day. FWIW Ocote Short report: PRGN fell off a small cliff when it broke through the H & S, went as low as 19 1/2 today. Closed below the 50day MA. ELNK is one of the IL violators that is exhibiting similar "ditch digging" acitivity in the 2,1,2 Stochastics(opposite of ceiling scraping). That might be an indication it will be the next to go. I think some of Dave H's shorts did well today too.