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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (10852)	2/28/2002 1:04:20 PM
From: Daveyk	Read Replies (1) \| Respond to of 19219

Looking at the dow chart daily and weekly a move thru that intermediate double top looks to happen soon.Weekly stochastics pointing up,daily overbought and crossing down so maybe a little weakness then....Weekly chart is very bullish IMHO. stockcharts.com[h,a]waclyyay[pb5!b20!d20,2!f][vc60][iUb14!La12,26,9!Lp14,3,3!Lf!Ll14!Lm12!Lg!Lc20]&pref=G Didn't Dow and SnP lead the last charge.If this is a new bull or not we'll know soon.Dow says it is as does transports.Naz ain't talking bull speak.Confusing as usual. Best,Dave

To: J.T. who wrote (10852)	2/28/2002 1:13:20 PM
From: KymarFye	Respond to of 19219

Who knows - maybe in time, your bounce will come - but if you were trading this market like I am - time horizon of a couple minutes to an hour - I think you'd have to wonder. Long, at least on the techs, mostly means scalping pieces of change from the surface of the sludge. The shorts still go farther than you think they should. The Nasdaq is NOT a happy market.

To: J.T. who wrote (10852)	2/28/2002 1:33:48 PM
From: Dominick	Respond to of 19219

Are you still holding INTC and CSCO? Dominick

To: J.T. who wrote (10852)	2/28/2002 5:29:45 PM
From: NOW	Respond to of 19219

me thinks thou doth protest too much.

To: J.T. who wrote (10852)	2/28/2002 9:35:24 PM
From: Dan Duchardt	Respond to of 19219

The Dow multiplier is now 6.9194. To move the Dow 100 points, the average component must change by 100/30/6.9194 = .4817. The average volume of the Dow over the last 100 and 200 days is very close to 160M shares, so the typical cost to move the Dow by 100 points in a day is 160M.4817 = $77M. To move the Dow 30 points in an average hour of a 6.5 hour day requires a net movement of about (30/100)$77M/6.5 = $3.5M. Such a move is often sufficient to stimulate the buying or selling to get another 100 point movement or so for the day. The NYSE 100 day average volume is about 1.3B shares and Nasdaq is about 1.8B shares or a total of over 3.1B shares, so the Dow volume represents about 5% of the daily equities volume. Besides that, there is all of the value controlled by highly leveraged derivative instruments, options and futures on equities and indexes, etc., etc. The point is that the Dow, while still an important psychological indicator for the masses, is relatively easy for those with deep pockets to guide where they want it to go to fulfill whatever strategic purpose they have for the broader market. I can't remember the specific references, but I am seeing more and more articles lately about how the Dow is becoming disconnected from the broader market, and quite useless as an indicator of where "The Market" is heading. Maybe someone with a better memory can post some links to such articles. The divergence of the last couple of weeks certainly tends to support such notions. Dan