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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (668)	6/17/1998 5:30:00 PM
From: Alex Greenland	Respond to of 3339

You can also check out the info on the fly at: quote.yahoo.com Alex G.

To: Terry Whitman who wrote (668)	6/17/1998 6:28:00 PM
From: HairBall	Respond to of 3339

<Les made a good observation there about the 21 day MA. Let's see if we break through it or fall back tomorrow.> I have been lurking this thread for a couple of weeks. IMO, if you chart the DOW IND. Then, plot a 20 day Weighted Moving Avg, coupled with a 20 day Weighted Moving Envelope (with a 3% Vertical Shift). You will have a better range of the channel it trades (closes) in. The 20 day WMA (being the center of the channel) as of the close Tuesday was 8885.76. This geneal area (+/-) 5, proved to be resistance to the DOW's uptrend today. At present, the DOW is now trading in the lower half of the channel. The DOW rarely trades (closes) outside this channel and when it does, it works hard at getting back in. IMHO BWDIK Regards, LG