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

To: Warthog who wrote (29576)	5/15/1999 10:19:00 AM
From: freelyhovering	Read Replies (1) \| Respond to of 79129

Warthog<using stochRSI8 to monitor the funds> How do you use this lovely little indicator--buy when above 20? and sell when below??????. Myron

To: Warthog who wrote (29576)	5/15/1999 11:47:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79129

Wart, S&P 10/8---4/19 trendline...that's the one. The bounce off that line on 5/5 and again on 5/12 was the 3rd and 4th contact with it which warned that the trend was not to be trusted. Now that it's made a 5th contact and selling occurred below the line, the supply/demand dynamic that is represented by it is no longer dominant. A readjustment of the dynamic appears to be underway. Key lines to monitor from here are: along the highs on 1/8 and 2/1 along the highs on 2/1 and 2/24 (this line intersects the 10/8---4/19 line in the 4/19---4/20 area making it somewhat more significant since the price was also on that point) along the highs on 7/20/98 and 12/8/98 along the highs on 8/7/97 and 10/7/97 along the lows on 4/14/97 and 10/28/97 These last 3 lines form a triple intersection around 1212 during the 2nd week of June. That's most likely where the S&P will be then IF (there's that darn disclaimer again) it doesn't survive the current trend and technical weakness. Once there, the real forecasting "fun" starts. Brought to you by Dr. Voo's traveling magic trendline show. Doug R