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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (49577)12/6/2000 7:05:35 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
I posted this to GZ on another thread:
To summarize what has happened on NAZ from a DMI standpoint:
- the D+ month long trend is still increasing and reached peak trend-line yesterday, implying a reversal coming;
- the D- month long trend up broke down yesterday which implies the strong downtrend we have been in is over for the time being;
The last time this happened was in mid-November before the continuation of the NAZ plunge! However, D+ is much higher this time and we may just see some consolidation here (would make sense considering the Florida trial coming on) until investors make up their minds!