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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 (26475)2/17/1999 9:08:00 PM
From: Doug R  Respond to of 79233
 
Bdog,

Nice read on the 233's. The Dow is definitely in neck line retest mode here.
With the 89, 3, 5 rumbling, stumbling and bumbling along across the 80 line for a month now and the 13, 8, 8 tipping down today, I'd say the lower line in the 13 dRSI system is about to get a good test. That line is currently at almost exactly 44. If the Dow's 13 d RSI falls below that line on a closing basis tomorrow or any day after, a significant buying opportunity will present itself shortly afterward (I think they call it a "correction"). HOWEVER, if that value holds and the 13 dRSI pushes above the 56 to 59 range, you'll see a new round of "panic buying" kick in.

Doug R



To: bdog who wrote (26475)2/20/1999 9:58:00 PM
From: Doug R  Read Replies (1) | Respond to of 79233
 
Bdog,

re: "Doug, haven't studied the multiplex much, but..."

You really gotta see the darn thing on DIGE. One look is worth a thousand words (or dollars if you have enough shares).
In fact, I can't find anything in the TA that would possibly prevent it from going up on Monday.

Doug R


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