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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 (20539)	8/13/1998 11:52:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79270

Thanks Collin, I have been using the 13 dRSI on the indexes (indices?) for quite a while now and all that's happened so far is the low has possibly been made. From that low on the indicator I'll be extending lines along the bottoms of any future hitches down. The first hitch down occurred on Wed. Another uptrend that might come in handy is the one from the low on 6/15 across the low on 7/23. A downtrend line from the top on 3/20 across the tops on 4/6 and 4/16 is , so far, the only significant down trend line and it intersects that first "hitch" line on 9/10. All I can see from that is the market has a good amount of technical work ahead of it before it can run again and in the meantime is still susceptible to weakness. Doug R