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Technology Stocks : Macromedia...making a comeback?
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To: donald sew who wrote (2086)2/15/1998 10:48:00 PM
From: d. alexander  Read Replies (1) of 2675
 
off-topic, Dow theory: There was a piece in Barrons, late October, which is where I get my info. At that time there had been an August high in both Industrials & Transports, followed by pullback in both & subsequent new high in Transports. The Industrials, however failed to make a new high & pulled back to a lower low (on Oct 27) than the previous pullback; producing ONE-HALF of a Dow Theory Bear Market signal. If the Transports had also pulled back below their previous low, that would have signalled arrival of a Bear Market. They didn't. When the Industrials did manage a new all-time high last week, whew, the danger was over for the moment. So any pullback right now is not specifically a Bear Market threat. Sorry to interrupt.
Donald, I'm one of those lurkers who follow your UPDATES - not for trading options, but I'm beginning to wish I could understand what all that option stuff means. Anyway, many thanks for posting UPDATES. DA
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