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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Brian Hornby who wrote (9158)	12/1/1998 12:01:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I rely more on patterns than Technical Indicators but I don't care for the relationship between INDU and TRAN, if you want to look at Dow Theory. It takes a lot to prop up TRAN and it does not look as if it will happen. This indicator takes it's time as a rule to play out. I think it last happened in July and no one noticed then either because it took months for the market to bottom out in October. Pattern-Wise, the most likely scenario in my book bounces the chart up and down a bit with a slight downward bias into Thursday then falling out of bed on Friday with another drop.