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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: Dan Lisman who wrote (4986)	3/9/1998 8:52:00 PM
From: TATRADER	Respond to of 7396

Dan, if the wise man would just follow his own advice, he would truly be wise.... I think I might have nailed the call on the top of the DOW for this run at 8600.... Take a look at your Ultimate Oscillator chart on the DWIX...Note how the peak on the second attack where we crossed 8600 briefly is lower than the first peak which was at a lower price... Secondly, take a look at my favorite indicator ADX On 2-2-98 the ADX gave a buy signal when it was at 15, Dow was at 8107.78.. On 3-5-98 the ADX was at 41 and had just turned down from 42...The Dow was at 8445.07... To summarize without using a whole bunch of other indicators, I believe the DOW will now be in a sideways motion with downward bias, and will eventually test support at 8200... I would be highly selective of any stocks picked at this point, and be building cash... Regards, Mark