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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 (26943)	3/3/1999 7:27:00 AM
From: Ocote	Read Replies (1) \| Respond to of 79429

Hi bdog; I had to get out of the TA business as it was taking too much of my time and effort , without getting the expected rewards. The constant market watching pushed out other concerns that were actually more important to me. The schedule D just about killed me at the end of the year. I still come by to see what the 56ers are up to once and a while, but I sleep better with my longer range horizon. As for the 13RSI, its showing some classic downtrending of highs corresponding with 3 little tops on the SP500 of equal height since the exuberant high of 11/23 or so. There really is no intact up trend line. Meanwhile the volume remains quite high. That would predict we're in for a significant correction before reaching new highs. Other useful indicators, like MFI and CCI tend to confirm the same sort of pattern. The VIX remains high as well. Hope you are well, Ocote