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

To: Vitas who wrote (29292)	5/8/1999 10:13:00 PM
From: Doug R	Respond to of 79260

Thanks Vitas, I use the 3 dRSI that way when the opportunity presents itself. Codifying a thrust can be very helpful or it can sometimes be a judgement call. It's interesting that there seems to be two opposing thrust situations here...bond yields and the Dow. Something's gotta give. (unless that Laszlo Berrini guy is right). I also built a scan with the help of the thread called the comkey. Whenever the Dow hits the 8 parameters involved, it goes into a major up move over several months. A hit on all the parameters points to a major thrust. Last time the Dow hit was December. I suppose I'll have to check it again and see how it measures up in that regard here. (Like duh...why haven't I checked that recently????? >gg<) Doug R

To: Vitas who wrote (29292)	5/9/1999 12:13:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79260

Vitas, Well, the Dow tripped the comkey on 4/8 but the 3 dRSI didn't follow up and paste to the ceiling. This only says there's nothing especially useful from that perspective. I have been using a 13 dRSI system on the S&P 500. When that's applied to the Dow here, which is what I used to use it on until the Dow started acting a little nutty (a technical term), there's good strength. BUT the S&P is an entirely different profile. There's one line of support left and Friday's move hit resistance. A move over resistance still leaves the S&P susceptible to 3 other resistance lines and a triangle apex coming up that coincides with David J's stuff. After looking at it all, I have to remain in the correction camp for another few days. By Thursday, there'll be an entire reassessment necessary if the technicals can hold on. Doug R