To: Robert Graham who wrote (13025 ) 7/23/1998 8:34:00 PM From: Chris Respond to of 42787
WE BROKE 50 DAY EMA FOR DOW!!!!! NEXT SUPPORT AT 8874.22 CSS III: Analysis of DJ INDUSTRIAL IDX (.DJI) Reviewed on 7/23/98 **************************** High: 9,156.460 Low: 8,932.980 Close: 8,932.980 Change: -195.930 (-2.1463%) Volume Today: 0 shares. On 7/23/98, DJ INDUSTRIAL IDX closed down -195.9297 at 8,932.9805 on volume 0.00% below average. **************************** Summary: MOVING AVERAGES DJ INDUSTRIAL IDX closed at: 8,932.980 The close is currently Below its 5 period exponential moving average (9,115.7070). The close is currently Below its 9 period exponential moving average (9,144.6270). The close is currently Below its 21 period exponential moving average (9,102.9717). The close is currently Below its 50 period exponential moving average(9,022.6992). The close is currently Above its 200 period exponential moving average (8,524.8389). ********************************************* TREND STRENGTH: - this number represents the trend strength. Ideally, for going long, you want to see a rising value for each progressing day. A low reading (around 20's-40's) represents an oversold condition - this could mean that uptrend might just be starting. A high reading (around 80's-90's) represents an overbought condition - this could mean that uptrend might be limited/topping. Trend Strength for the Last 5 Days 66.0271 75.4595 83.5925 87.9184 87.7475 Again use other indicators/analysis to confirm. Super MACD Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 0 period(s) ago. Since the MACD crossed its moving average, DJ INDUSTRIAL IDX's price has been unchanged, and has ranged from a high of 9,156.460 to a low of 8,932.980. SUPER RELATIVE STRENGTH (Super RSI) This customized RSI shows overbought (above 80) and oversold (below 20) areas. The current value of the Super RSI is 34.75. The Super RSI can also be used with when it moves above and below the 50 trigger line. Currently is Below the 50 trigger line. PARABOLIC STOP AND REVERSE (SAR) There were no SAR signals generated today. The last signal was a Sell 2 period(s) Ago. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. Always use other indicators/forms of analysis to confirm.