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


To: HairBall who wrote (330)12/4/1998 11:05:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
The trading channel for the Dow Industrials, as mentioned in the post I am responding to, has been useful in day trading "internut" stocks that are moving with the Dow.

Be careful of a break in that channel, either direction! My suspicions are it will be to the down side, since my personal indicators are pointing down short-term, for now. However, the Dow could just continue trending down in that channel for a while longer.

Note: My indicators to date, are end of day only! I will be converting them to include intraday over the next month or so.

Regards,
LG