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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (4473)1/21/1999 9:17:00 PM
From: HairBall  Read Replies (1) of 99985
 
Haim: Chart the DJI with the NYA over a ten year period. You will find you can almost overlay the two charts, daily or intraday.

The Dow Industrials represent 30 stocks and the NYA the NYSE Composite, yet the moves are mirrored. The only differences is more often the DJI leads slightly.

Also, compare the five minute bars intraday for today, between the DJI (Dow Industrials 30) and NDX (NASDAQ 100). They look close. Note the pivot points are at almost the exact same time.

Regards,
LG
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