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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 (21495)	9/20/1998 12:02:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 79216

Doug I agree that price trend intersections almost always see large moves. As far as direction I am gonna take the fifth. I do not feel I have done enough research in strong downtrends (nor do I have the data to do so) to venture a reasonable assumption as to direction. I am going to rely on the triangle rules to give me direction. Break to the downside and lack of or a weak retest I go 50/50 shorts/cash. Break to the upside and a good retest and I am in 100% long equities. Still in the 60/40 camp equity/cash until the direction is given. ht david