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

To: freelyhovering who wrote (28381)	4/12/1999 8:46:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79230

Myron, I also see interest rates heading down. The Dow could drop 300 or 400 points before technical damage even begins to arise. I plugged in a drop to 9928 for today with a 48 point gap down and a close just 13 points off the low. That doesn't even get a complete reset out of the 13, 8, 8 stochastics and brings the 13 dRSI to uptrend support.. Follow that up with a 218 point drop tomorrow with a smaller gap down and a close right on the low and that begins to get the 13, 8, 8 into reset position and puts a reset hinge on a 13 dRSI that breaks uptrend support and drops under 50. An up day on Wed. would then establish a new support area on the RSI while keeping the 13, 8, 8 in reset position. The longer term techs only begin to see a dip but not so serious as to call it deterioration. I realize this is all speculative (and cheating >>gg<<) but it's a reasonably nasty scenario. A turn back up in the 4, 3, 2 stochs starting on Wed would be a signal to strongly consider jumping into some of the favorite stocks out there. Doug R