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

To: Haim R. Branisteanu who wrote (3666)	10/10/1998 3:53:00 AM
From: set	Read Replies (1) \| Respond to of 5676

re: some notes about DJX vx. SPX & OEX It's been noted that the dow is holding up in the face of declines in other indices. I just noticed that while the oex and spx have been riding along on their 400 DMAs, the dow has been riding its 600 DMA, which line has been rock bottom support so far. In this one respect, the dow has actually been weaker - not in absolute relative strength but in relative stability. In other words, the dow went thud, breaking the 200 and 400 DMAs in one move. The move was smaller on an absolute basis only because generally lower volatility has those lines closer together than they would be on the other indices. But in this curious way, the move was bigger, and the dow is actually underperforming. It will be interesting to see how these very long term moving averages perform when this thing is all played out. OEX: bigcharts.com INDU: bigcharts.com