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

To: Theodore Johnson who wrote (22284)	10/23/1998 2:59:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79238

Theo, Linear regression describes a demarcation in the price chart that defines where, over a certain time period, price will spend half its time above and the other half below that line. As you'll recall from the seminar, I use what, in Parity, is called Moving Linear Regression. It is an MA of Parity's default period used to determine the placement of the linear regression slope. As a reminder, I'm partial to the interaction within the chart of the 89 dMA of the highs vs the 89 dMLR of the closes. In the seminar manual you should review the MA/MLR portion of the TA section. You can then check out the 89 dMA/MLR on the vast majority of stocks and find that there are very, very few that present the optimal profile. This one indicator applied across a wide spectrum of stocks roughly shows how much time will be involved in getting the entire market cooking on all burners again. Looks like a minimum of 5 mos. and a maximum of 12. During that time, we're rangebound. There'll be a cacaphony of bulls and bears trumpeting that the long term trend is going in whatever direction that particular day or week goes BUT... my current outlook remains sideways to up. Doug R