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

To: Wade who wrote (29846)	5/22/1999 1:26:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79235

Wade, One technical doodad in particular that I've discussed on the thread often is a specific activity of the 3 dRSI. It involves the indicator moving over a value of 95 and staying there for 3 or more days. Very strong moves in price will occur on this activity. When you get a 3 dRSI pasted to the ceiling, as it's called on the thread (there's other terms for the same activity out there too), the first and second days see the majority of the move while the 3rd day is the earliest opportunity to exit since 3 days is the most common number of days it will stay there. You may see higher intraday prices on the 4th day but generally the price will close down from the previous close. VMRX from 5/10 to 5/14 is a good recent example of this. HIPC has a 3 dRSI with the initial profile of a paste with the value currently just over 94. If it pulls off the paste, there's another technical doodad that follows called the 3 dRSI trick. Warthog is following WIDE for that at this time. It's a signal that occurs which lets you know the profit taking from the burst on the initial paste is over and the next significant upward move is starting. The "trick" is something I teach at the seminar so I won't go into detail on it here...it's too involved and is better taught with visual aid and discussion. Anyway, HIPC could get fun next week since the S&P 500 is likely to get pretty scary after losing all 13 dRSI support yesterday. It's nice to be in a stock that should ignore all the mayhem. Doug R