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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (731)9/9/1998 6:39:00 PM
From: yard_man  Read Replies (1) of 745
 
Primarily, then you look just at the DOW. You must admit that the divergence of the transports and banks, at least, below the 200 dma is something of a new development in the last 5 years or so. There has been no such large a divergence for at least that long.

Do you expect the whole banking sector and the transport sector to follow the lead of the DOW and "snap-back?" I'm not ridiculing you, just want to understand why the DOW is so important to your TA as opposed to some other indices -- DOW is a very select group of stocks, would you agree? Do you compose any of your own groups or just look at that index? Perhaps this should have been a PM. Don't mean to clutter things up.

You seem as convinced of your position now as you were a while back when you declared the bull market was over. Where do you think you erred then?

TIA
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