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

To: Warthog who wrote (17635)	5/27/1998 3:30:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79263

Collin, Thanks for the stats. The nastiness of today's market activity was telegraphed by the S&P 500's break below the intersection of the 13 dRSI on Friday that Ocote verified for me. The break was very subtle so I had to ask Ocote for corroberation. He got the same result on his take of that indicator. The more "subtle" a break above or below a significant technical construct is, the greater the tendency for that break to have a more profound impact. Instead of the break below the intersection in question being very obvious in its amplitude, the break on Friday was accomplished by less than one 13 dRSI point. >> Especially nasty stuff since the break led to a drop below 50. Doug R