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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Stephen Clark who wrote (52270)9/26/2017 1:48:42 PM
From: Woody  Read Replies (1) of 52307
 
Hi Stephen, OPK has had a nice 5 days here. Not sure if you know what Doug R referred to as a trick but today is day one of a paste of a 3 day RSI = to or higher than 96. To set up a trick we need 3 days at this level and his rule was sell on the second day of a paste and wait for the trick to unfold. Anyway I would wait till tomorrow and see what happens.

The way a trick works is simple. We first need 3 days of the 3 day RSI at 96 or higher then a pull back for a day or two to set a hook then it’s ready. Here’s an update of the first chart I posted and one of how a trick works .. when it does as there is no guarantee .. lol.




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