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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: James Strauss who wrote (4292)	12/11/1997 7:59:00 AM
From: Dave H	Read Replies (1) of 4701

Jim, We also have three tops in both the DJ-30 & SP-500, however they were made divergently - DJ-30: highest top, lower top, lower top SP500: top, higher top, highest top According to Pring this is a very bearish signal when a key index like the s&p500 makes a new top but the dj-30 doesn't follow suit. I see the sp500 having a good chance to get to 940 and find that as support -- that's where the current longterm uptrend is right now, and there also seems to be a valid horizontal support line too. however, if 940 doesn't hold, I agree that the october lows would probably be the next stop.... -dave

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