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   Strategies & Market TrendsThe 56 Point TA; Charts With an Attitude


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To: RWS who wrote (69319)11/24/2022 9:40:54 PM
From: Doug R
   of 71025
 
Happy Thanksgiving.
We shall see.

TH and OESX and CRK look good too.
WRAP may have more to go.

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To: Doug R who wrote (68002)11/25/2022 9:59:41 AM
From: Doug R
   of 71025
 
There goes OMER.

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To: Doug R who wrote (69320)11/25/2022 12:46:26 PM
From: Doug R
   of 71025
 
OESX radar ping.
OMER was a misnOMER.

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To: Doug R who wrote (69314)11/25/2022 12:53:36 PM
From: Doug R
   of 71025
 
There seems to be some suspicion about that next downtrend line.

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From: Woody11/25/2022 4:02:01 PM
   of 71025
 
No scan hits for Friday's close.

8 day scan, none.

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To: Magnatizer who wrote (69264)11/26/2022 11:18:00 AM
From: Magnatizer
   of 71025
 
Weekly update

DJI

Sniffed the upper bounds of the key red uptrend channel. From last week "The red one is significant. it is associated with the red uptrend below. When they crossed in May 2015 it set a top that lasted into Nov 16. They have since been a centerpoint to the move up from 2017 on. Pulling away from this magnetic area will be the move that sends DJI into the stratosphere as it chases uptrends that look untouchable today"



SPX

moved through big blue



Still working a recently formed trendline.



RUT

Failed to get back to the overhead horizontal but maintained itself above the key thick red uptrend. Best bul/bear battle on the boards currently.

On Friday, I did take more TNA long position off the board. Down to 25% long the index ETF port.