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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (504)8/9/1999 9:51:00 AM
From: James Strauss  Read Replies (2) | Respond to of 19219
 
A Quadruple Bottom?

Jim:

Notice how the Dow has found support on a trendline that acted as a triple bottom support...
decisionpoint.com

Now it is testing the fourth bottom... If it moves up from here it has another shot at 11000 to 11300... If it breaks support here it tests that 10400 area which puts it on the precipice of a Dow Theory Sell Signal...



To: James F. Hopkins who wrote (504)8/10/1999 1:09:00 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
James, I guess I missed the rally today. <g> Market needs to bounce tomorrow. But will it? At least the 30 largest market cap stocks are still moving up, but how much longer?

Best, J.T.