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

To: bruce-l who wrote (21511)	9/20/1998 11:01:00 PM
From: Doug R	Respond to of 79273

Bruce, With the inverted 3 dRSI trick there's always the possibility that the move up off the hitch creates a breakout from a 3 dRSI IHS. This looks to be the case for FS. Of course, if the IHS breakout produces a jump up, the RSI trick signal line remains intact and may be broken later. If the IHS breakout fails tomorrow and the trick's signal line is broken to the downside then, it's a short. Failed technical buy signals are often very good shorts. SZA has a horizontal hitch...very tricky. I'd use the initial slope off the floor as a signal line for it. Also, a break below the initial price uptrend line would be a good signal to go short. I think a large gap down strengthens the viability of the trick. Doug R