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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: StormRider who wrote (16462)9/24/1998 2:23:00 PM
From: Iceberg  Read Replies (1) | Respond to of 53068
 
To all: +DI just decisively crossed above the -DI on the DOW daily chart for the first time since late June. The DOW went from approximately 8900 to 9300 within one month after a similar crossover back then. IMO, yesterday and today's action could could very well indicate the end of a major market bottom [correction, or whatever you might want to call it].

FWIW, I bought Penzoil [PZL] and Santa Fe Intl [SDC] today in an attempt to put my money where my mouth is.

Ice