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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: james ball who wrote (4117)	6/25/1998 12:50:00 PM
From: wizzards wine	Read Replies (2) \| Respond to of 34808

Tom, I have been reading something about the Dow Theory regarding that it predicts a Bear Market when the Dow Jones Industrials and the Dow Jones Transport averages "break down," meaning that they both fall below established support levels at the same time. With the Dow support levels in the 8900 area and the 3375 for the DJT, talk is that these are both below their support and will or have thus trigger the Dow Theory sell signal. I think those discussing this were refering to some work done by Martin Zweig and looking at these indicators as having been present in 23 out of 25 sell signals since 1897, or something like that. My question I guess, is have you seen any corelation between these 2 and if so what was that, as we have not as yet seen the BPNYSE reverse back up yet. Thanks Preston