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

To: Cube who wrote (20969)	9/2/1998 5:33:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79230

Cube, I have found that the market gave a technical warning on most individual stocks 2 days prior to the dive. On the other hand, technical warnings based on the indexes have been proliferate for anywhere from several weeks to several months depending on the indicator periods used. The first warning was in April when the 233, 21, 34 stochastics broke. From there, a monitoring of the 13 dRSI showed the high in July was made on a drastically lower high in that indicator. Since the greatest influence on any individual stock's movement is the overall market, the high in July gave ample technical warning that TA on individual stocks was about to take a back seat to the condition of the overall market. From here, TA of individual stocks that pinpoints upward strength will QUICKLY begin to become more relevant as the overall market indexes show the first technical sign of recovery. When at the beach, keep an eye on the ocean. Doug R