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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 (25381)	1/14/1999 12:54:00 AM
From: bdog	Read Replies (2) \| Respond to of 79201

Random thoughts... any candle experts out there, looks like quasi evening stars on SPX, DOW, and NYSE...? GTAX on a nice run...looks like a 1,2,3 reversal to me Comkey rev6 with hot sauce...ATCI No level 1's on the M12 wildog hybrid but MLIN did make a showing... think I'll stand back another day...never used to have this kind of patience...running a little out of patience on OPEN too... bwaitdog

To: bdog who wrote (25381)	1/14/1999 1:01:00 AM
From: milesofstyles	Read Replies (2) \| Respond to of 79201

well, bdog,since you asked...lol here's the way i see it. the 3day is already oversold, the 2.1.2 turned up, the current uptrend in the rsi 13 is damaged and the one dating back to august has a couple days til it comes into play. the macd's are damaged. an interesting look, display the chart as a line chart, draw your trendline up the right side of the shoulder, then go back to the regular bar chart. either way though the uptrend has currently held.it looks like the smi2.1.2 has kneed off a support line as well. it looks to me though like tomorrow is huge...tomorrow being up would start the 3day back on its way, leading the 2.1.2 and 3.1.2 to allow the 4.3.2 to hold its trend in all likelihood. this might be enough to keep the 13.8.8 in the zone.the market got hit by a brazilian bomb where a normal retest of the neck line should have occurred.as far as the 89, we are still in the zone.it'll bob and weave up there. the 233 also still looks good. we are in a tight area right now of that uptrend and neckline that within the next day or two should the current volatility continue, more certainty will prevail. i have currently held thru with my positions at this time to see if today's damage was overreaction. if it was, several trends remain intact and bullish. if not, these will be the same signs to me to pull the plug. milesov