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


To: bearshark who wrote (9192)3/25/1999 10:29:00 PM
From: Terry Whitman  Read Replies (2) | Respond to of 99985
 
After a little bearish review- What I'm seeing is that the DOW Transports are in an obvious Bear Market Rally. Lets look at the weekly instead of the daily:

207.95.154.130

The FALLING Trend line off the tops from April and July of 98 has not been penetrated. The old high has not even been seriously threatened for 12 months now. This is with a new DJI high. Serious Dow Theory divergence. Ignore it at your own risk, I'm not.

Of course if it breaks thru that downtrend line, we may have a different setup. I don't expect it though.

BWDIK,
TW



To: bearshark who wrote (9192)3/25/1999 10:38:00 PM
From: RWS  Respond to of 99985
 
NYSE OBV has survived a retest of IHS breakout. Bullish.

decisionpoint.com

RWS



To: bearshark who wrote (9192)3/26/1999 1:02:00 AM
From: Vitas  Read Replies (2) | Respond to of 99985
 
Shark: thanks, sto rsi 34 13 and trix turned down late last week, and from a third lower peak against November and January.

Unless this is a whipsaw, we should still be in a correction from
spx 1322 and head lower.

Vitas