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


To: HairBall who wrote (24018)8/27/1999 4:29:00 PM
From: Eric Maggard  Read Replies (1) | Respond to of 99985
 
I can't remember exactly who said that the transports falling through 3300 would be a Dow sell signal. I have kept an eye on it and it looks like it ran up the that level, which was also the 50 and 200 DMA area, and was sent back down the last couple of days.

See:
quote.yahoo.com^DJT&d=3mm

Someone who is more familiar with the Dow theory comment on it.

Eric



To: HairBall who wrote (24018)8/27/1999 4:30:00 PM
From: Dragon 1  Read Replies (2) | Respond to of 99985
 
LG, it looks like the stage has been set for a big sell-off on Mon which AG has apparently endorsed today. Apropos his neutral bias on the 24th, today's caustion is no less than a stab in the back of the market. Anyone shorted today will be a champaine popper next week.