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To: John Pitera who wrote (31466)8/25/1999 10:20:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 44573
 
August is already an Outside Month

It becomes an outside monthly reversal if the INDU sells off and closes below July's monthly close. This would be a 6.2% sell off from the highs and this seems unlikely.

However as my post suggested these are key signals that can create a variety of results. Always worth watching.

I like the upside if the Dow can stay above 11200