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


To: Magnatizer who wrote (23889)12/3/1998 9:51:00 PM
From: bruce-l  Read Replies (2) | Respond to of 79227
 
David J:

Dave and/or Doug, Was looking at the 13d rsi on the DJI30. Looks like (if I drew my lines right) that we have an interesting intersection upon us. Uptrend across the bottoms of 10/27/97 and 6/3/98. Downtrend across the tops of 3/20/98, 7/8/98 and 10/12/98. If we have another down day we will break these lines. What type of implications does this pose for the general market? Not good I would assume.

bruce