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

To: Daveyk who wrote (34210)11/25/1999 8:49:00 PM
From: Doo  Read Replies (2) | Respond to of 99985
 
Thanks for that link, Dave. I notice Murphy is pointing to the ADX at 37 on 11/21. Do you know where it is as of Wednesday's close?



To: Daveyk who wrote (34210)11/26/1999 4:57:00 AM
From: Berney  Respond to of 99985
 
Dave, The chart clearly shows that it is a difficult time for a lot of TA types. The COMPX has been above the monthly trend line for about a year, and, yet, it still goes higher!

While everyone is focusing on that chart, it is probably appropriate to point out that the Index (SnP) is up about 2% for the last 5 months. While the moves in many stocks have been dramatic, most investors would have received an equal return from their money market accounts!

Here we are!

Berney


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