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And now for a look at a daily on the Dow in which I "forced"
a turn at today's low just to see what we could expect on the
upside if this was a short term bottom.
We get projections ranging from 10550 to 10870 .
Only one projection exceeded the swing point on 9-17 and this
bodes ill for the market after a small recoil.
Clyde
> ROBERT ROESKE wrote:
>
> I have a few charts to share this evening that might be of
> interest. Earlier in the week this chart of Ben's composite breadth
> oscillator was posted with a support line right near where the INDU
> closed on Thursday. Surprisingly there is a three day divergence
> between the INDU and the oscillator where the oscillator has a
> higher low as of Thursday compared to Tuesday. This could be
> interpreted as a positive.
>
> BobR
>
> Name: SuperT.gif
> SuperT.gif Type: GIF Image (image/gif)
> Encoding: base64
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Attachment Converted: "c:\eudora\attach\DJDA_092399_dos_1dec_5-5sum.gif"
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