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


To: bdog who wrote (21817)10/3/1998 2:04:00 PM
From: Doug R  Read Replies (2) | Respond to of 79302
 
Blownawaydog,

We're inching closer to a finished product.

Here comes a very important week. The 13 dRSI on both the S&P and DJIA is just below a key trend line. A break above followed by a test that uses the line as support will set up a rally related to the price trend intersections on 10/8 and next week's magnet trend intersection.
A failure to break above the RSI trend or a failed retest will set up a drop that could go lower than the Sept 1 intraday low.
It's crunch time.

Doug R