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


To: milesofstyles who wrote (30104)6/5/1999 6:59:00 PM
From: Doug R  Read Replies (1) | Respond to of 79270
 
Milesov,

With all those 13 dRSI lines to get past, we're not out of the woods yet but it's looking better. The S&P 13 dRSI 4/12 to 5/13 downtrend is next on the menu. If that gets taken out, the next uptrend lines would get tested. For the S&P that's 8/21/98 to 3/23.
The interesting part is that the 4/12 to 5/13 downtrend intersects the last line of support that gave us the dip next Friday or possibly the following Monday....right at a value of 50. The goings on at that time will say a lot.

Doug R