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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Smooth Drive who wrote (22483)	8/9/1999 12:09:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

I've been using a 10-day EMA versus 40-day EMA crossover (as the setting for the price phase indicator) for my mutual funds and mutual fund average (40 leading no-load growth funds) for intermediate-term timing. It gave its first sell signal on August 4 since the October 26, 1998 buy signal. All of the major indexes have given sell signals in the past week and a half. In the corrections in February and May, one or two averages gave sell signals but not the Dow.