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


To: Arik T.G. who wrote (6392)2/16/1999 10:29:00 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Arik T.G.: I find the SPX is skewed between the DJI and the NDX as of late as it contains elements of both. Thus, it leads neither.

But your discipline is different and I am sure you know what works best for you. I have been using the IND/DJI for over twelve years it works for me...<g>

If you compare the 4 minutes bars on the DJI and SPX you will note they look as if they have the same conductor...of course you can also compare the DJI with the NYA, NDX, COMPX and OEX. All crescendo and diminuendo at the same time...<g>

I have been stacking indice daily and interval charts for years and tracking the similarities. Moving in unison is just par for the course. Now one can get divergence looking at the TRAN, UTIL and RUT on given days. (Different conductors on those days, I suspect…<g>)

Schools of fish are manipulation?

BWDIK
Regards,
LG