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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Logain Ablar who wrote (43340)	5/24/2006 11:18:27 PM
From: Johnny Canuck	Read Replies (2) of 67801

The DJIA is the only index still above the 200 EMA and has a positive trend. It looks like it is the last to collapse, so should be the first to re-bounce. Essentially old economy stocks are the last to break. 139.142.147.19 COMPX broken 200 EMA and the trend is down: 139.142.147.19 SP500 broke the 200 EMA, but the intermediate trend is neutral: 139.142.147.19 I don't expect the broader market to go anywhere without the later two indices showing a more positive trend.

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