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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Moominoid who wrote (12381)	4/29/1999 11:11:00 AM
From: HairBall	Read Replies (1) of 99985

David Stern: How are the transports going vis a vis Dow Theory Buy Signal? If you are actually asking me, I can only say I am not a student of Dow Theory. I use my own system and analysis. I do look for confirmation with in the Dow Indices and I do look for directional leadership. If you are trying to make a point, I suggest you post your complete thoughts as I for one would be interested in the perspective of someone who follows "Dow Theory". So far, only the Dow Industrials has set new highs, but the Transports are close with the Utilities trailing some what. The aggressive rise in these Indices can not be ignored. But one needs to always keep the broader Market in perspective and try to note what may be causing the rise in these Indices. Regards, LG

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