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Politics : Formerly About Applied Materials
AMAT 242.41+5.0%3:59 PM EST

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To: Big Bucks who wrote (24399)9/18/1998 1:33:00 AM
From: Gottfried  Read Replies (1) of 70976
 
Big Bucks, you have linked to very interesting charts. I'm a TA
beginner and won't argue with the experts who drew them. Even a
beginner can be alarmed by the dependance on the DOW with its
30 large cap stocks. You probably look at other indicators, too
- but the last few links posted were for the DOW.

I suggest to ALL to consider other indicators of market health
besides the DOW. One I find useful (after struggling for almost
a year) is the NYSE bullish percent. This simply counts the
number of NYSE stocks on a buy signal (therefore in an uptrend)
and expresses that number as a percentage of the total number
of stocks. This indicator warned of trouble as early as May,
while the DOW was getting ready for another rise. More about this
indicator on request.
207.95.154.130

IQCharts has improved their site and is worth a look if you haven't
been there. Try the Java charts. Easy access to index charts. too.

One last thought: here's a list of the 30 DOW stocks
bloomberg.com
Do they represent your portfolio?

Regards Gottfried
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