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Strategies & Market Trends : today's chart -- Ignore unavailable to you. Want to Upgrade?


To: Claud B who wrote (958)5/23/1998 9:51:00 PM
From: Winegrower  Read Replies (3) | Respond to of 1267
 
how low can sumnation go?
potterj



To: Claud B who wrote (958)5/25/1998 12:35:00 AM
From: bobby beara  Respond to of 1267
 
Hi Claude, how about the 55 day rule

May 28th is 55 days from the a/d peak of April 3rd.

Message 4494037
Message 4486975

I believe we started breaking down out of the indecision triangle intraday on Friday and IF there is further downward selling pressure we should see an accelleration into May 28-29

I would like to compare October 26th 1995, to October 27th 1997, since both were the closing price bottoms of the correction. If we follow that logic we are running one day ahead of the pattern, which would put the peak on 5/24/98 and the indecision triangle does look like it has hit it's pinnacle

There was a minor change reading on the McCllelan Oscillator Wednesday-Thursday which usually indicates an increase in volitility and a major move of 1% or more within 2-4 trading days, 28th is 4 days.

Internets charts looking ugly and have been selling off on low volume, wait till the volume increases.

Have a great Memorial Day Holiday,
bb