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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: pater tenebrarum who wrote (215)6/27/1999 4:05:00 PM
From: Benkea  Read Replies (1) of 19219
 
"DJUA: has dropped back to it's 50-day EMA - a possible area of
support. note that weakness in the utilities is *not* necessarily an
alarming sign, as they are often a hiding place for 'scared' money."

Since this is a place for scared money, then shouldn't it be more of a contrarion indicator. If so, should the lack of any fear *not* be an alarming sign?
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