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Strategies & Market Trends : Technical Analysis - Beginners

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To: Perry Ganz who wrote (9283)	2/14/1999 9:49:00 PM
From: Wildstar	Read Replies (1) of 12039

Perry, I chart an indicator of the new highs and new lows on my web site here: members.xoom.com If you look back to right after June 98 on the chart, you can see that the Dow made a new high but the 50 day MA just barely inched up, giving a leading sell signal. Over the last two months or so, the Dow has remained in a trading range from about 9000 to 9500. During this time, both the 20 day MA and the 50 day MA of the Fraction NH have both declined. I update my site every weekend.

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