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


To: John Pitera who wrote (5218)2/2/1999 2:23:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
John,

I follow the UTY.X also, and it is part of the DOW THEORY as a leading indicator. Utilities breaking down, some feel, is also a leading indicator for the bond market/interest rates, and such implies higher interest rates.

seeya



To: John Pitera who wrote (5218)2/2/1999 3:52:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
John:

The Dow Utilities Average is usually a leading indicator for the market... It is currently suggesting higher interest rates ahead:
decisionpoint.com

We need to see the DJUA move above its 50 day MA to confirm interest rate stability...

The McClellan Summation Index and A/D line continue to signal a market downtrend...
decisionpoint.com

Tests of Dow 9100 and 8950 should come soon...

Jim