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Strategies & Market Trends : Classic TA Workplace
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To: The Freep who wrote (72640)5/2/2003 4:24:54 PM
From: Shack   of 209892
 
Not at all, the MA is still crawling along the upper boundaries. Again, it is not a precise timer Freep which is unfortunate. But once it hits the levels we saw on April 23 or so, there is little risk of a meltup. From what I have seen in the past with this indicator, we are likely within 100-150 points of a DOW top. The price high that day was 8526 and today we closed 56 points higher than that.

Also a reminder THIS IS ONLY FOR NON-TECH!
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