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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Ilaine who wrote (11666)11/20/1998 4:54:00 PM
From: Paul Shread  Read Replies (2) of 86076
 
CB,

It's been more like "Fly me to the Moon" than a waltz. ;-) As far as the transports go, they are up about 25% off their lows and I think they've broken through some important resistance, if I'm not mistaken. But it's absolutely true that a new high in the Dow would have to be confirmed within a few weeks by a new high in the transports, or we aren't going very far.

Paul
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