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Strategies & Market Trends : Harmonic Trading with The Phoenix
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To: the-phoenix who wrote (902)8/15/2003 10:51:17 PM
From: mishedlo  Read Replies (1) of 941
 
Can you elaborate?

Dow Jones
Industrial Average
While the SPX and Comp are setting lower highs, the Dow is putting pressure on the recent highs and is only 50 points from actually testing the high at 9360. However, this would set up a pattern that is most like the one from October 2000 to January 2001, that finally resulted in drop of 18% on the Dow in two months.
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