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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 (23414)	11/24/1998 5:17:00 AM
From: Doug R	Read Replies (3) \| Respond to of 79378

oBservantdog, I get DJIA up 140 tomorrow with Wed up over 80 intraday with a close up about 25. Brief pullback in early Dec. that some people will take as "scary" Followed by a hard run at 10K by late Dec/early Jan. The current foray of the 89, 3 5 stochastics on the DJIA over a value of 80 should be followed by an accumulation reversal characterized by a trough above a value of 20. Upon the stochastics' return above 80, a major rally will ensue. IF, however, the 89, 3, 5 drops below 20, we're in for a sideways market lasting up to 3 months. Either way, there should be excellent opportunity for short term trading. Of course the more bullish scenario would call for establishing some longer term positions. IMTO, Doug R