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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Moominoid who wrote (12381)	4/29/1999 11:26:00 AM
From: donald sew	Read Replies (1) of 99985

David, The Transports are getting close to their all-time highs, but until it is broken to the upside significantly and sustained it will only mean that we got close. The day we break it to the upside the media and many will highlight how it did confirm the rally in the DOW, but again it needs to be sustained. For me to fully accept a break to new highs, I need to see about 5 days for it to sustain above the previous highs. It could just be a test of the previous highs and if it fails it could be a possible DOUBLE TOP which is a negative. seeya

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