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


To: shasta23 who wrote (20862)8/27/1998 3:02:00 PM
From: Doug R  Respond to of 79210
 
Stefan,

You're right! It is 7850. With all the downside today I must have mentally adjusted that support line down before I typed the number. 8200 was taken out intraday today. That support is now very weak.
Now that you've prodded me to take a closer look I find a trend line intersection on 9/7 at 7890. I'll make that my official call for the bottom if we didn't see it today. With the severity of the decline and the volume today, this could be it.

SMOD looks pretty good here.

Doug R