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

To: Doug R who wrote (21165)	9/9/1998 11:45:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 79449

Back in a few with the mags. here is some interesting reading. Proves the value of TA over FA in particular RSI power. msnbc.com ht david

To: Doug R who wrote (21165)	9/9/1998 12:47:00 PM
From: Doug R	Respond to of 79449

Ok, back. The RSI is a definite 7 with that 233 and 144 riding an uptrend that's crossing 50 now. The 21 dRSI seems to be the pivotal period here so it should be monitored closely. The stochastics get a 6 since the strength is there but the timing is not ready yet. I took it all the way to the infrequently used 377, 21, 89. The stochastics profile is treading water waiting for the market to provide support I suppose. Since the intermediate term nature of the chart and technicals is the current focus, I'm going to run the price/volume stuff again on a shorter chart; starting at 10/24/95 since that cat house gap down would skew those charts and current activity may not be properly reflected. Back in a few...again. Doug R