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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Skipperr who wrote (162)	12/3/1998 2:36:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 99985

< some type of correlation to the July 20 stock market top on that site> I think we could find a correlation if we could find a third indicator that confirms the other two. From a broader perspective, I think it's Dow Theory that mentions the inability of the Industrial to sustain up moves when the Trans aren't coming along for the ride. If I recall correctly the Trans did not participate with new highs as the Industrials were hitting them in July. Such is the case now. The Transports are a bit heavy to presume they will reach new highs in time to for the DJIA to hold ground, just a thought.