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


To: KymarFye who wrote (63793)12/5/2000 10:24:49 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
It's the curse of the Dow Diamond. All those who touch it befall a horrible end. Saw quite a few messages of people in the middle of the day announcing they were shorting a specific stock or the market. BTW, Ameritrade index had only 18% of their customer trades were purchases. That failed rally after Thanksgiving was the next lowest at 20%.



To: KymarFye who wrote (63793)12/6/2000 11:41:23 AM
From: John Madarasz  Read Replies (2) | Respond to of 99985
 
I see the Dow Diamond has disappeared again. Or was it stolen?

No, it wasn't stolen and it hasn't disappeared either. The diamond formation can still be found in the site on the weekly charts. As you know securitytrader posts both weekly and daily charts for the stocks and indices they follow.

FWIW the bearish diamond formation was still in play, and breaking down as of last weeks latest chart.

I don't think however that many chart formations can be read with as much certainty as usual due to this volatile and uncertain election induced environment...also, security trader wasn't the only one to recognize this unique pattern...

A Dow Diamond

gold-eagle.com

Regards, and good trading,

John M.