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

To: HairBall who wrote (11348)	4/18/1999 12:48:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 99985

The 25 day cumulative sum a/d turned positive on Friday's close, the first time it went positive since January of this year..... GZ

To: HairBall who wrote (11348)	4/18/1999 2:50:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

TO ALL: I changed the trend lines slightly on my "new" Weekly Dow 30 Industrials Charts, as I noticed a very slight problem, but with trend lines that long, you want them as accurate as possible. So, if you go back in for a second look, be sure and hit refresh, once the chart loads. Note that the upper trend line of the long-term rising trading channel (almost twelve years) is converging with the rising long-term support line from the beginning of the bull leg up from late 94. (Market as measured by the DJI) One of the trend lines has to give it up soon. As, the DJI stuck its head above the upper trend line of its very long-term rising trading channel some may interpret that as the beginning of a breakout. Or, some may interpret it as an over shoot before a pull back. My Charts can be seen on my Chart Page on the MDA Web Site at: homestead.com Place your bets...<g> Did the Market begin a staggered topping process last week as I have been expecting since January or was I a little early or just plain wrong? As always...time will reveal! Good trading all... Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.