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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (3138)	8/9/1998 10:08:00 PM
From: set	Read Replies (1) \| Respond to of 5676

you're not kidding around. You really think it's tomorrow don't you?

To: bobby beara who wrote (3138)	8/10/1998 11:21:00 AM
From: Baywall	Read Replies (1) \| Respond to of 5676

Any reflections on the recent Dow Theory's sell signal. Last Monday the Dow Transport Index broke 3200, a major technical breakdown in Dow Theory terms. The transports had traced out a "head and shoulders top", with the index's highs in April and July. The transports have not confirmed the recent highs made by the Dow industrials. If they diverge, which has happened, the market will have problems, in theory. The market breadth in the market has deteriorated. Health is measured by the number of advancing stocks vs declining stocks. The market's strength since June was driven by a few large firms. They can't sustain a bull market when many other firms are already in downtrend. October has the tendency to amplify any downtrend in progress. LVL