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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (23995)	5/22/1999 11:32:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 44573

MACD UPDATE SPX - Established down trend for the third week OEX - Same as SPX RUT - Flat about to signal a down trend if the index stays flat or moves down INDU - Down trend established one week ago COMPX - Down sloping trend, not a strong slope. Several attempts to move up failed IIX - Down strongly for 5 weeks DOT - Down strongly for 6 weeks XAU - Down for the second week TYX - Appears to be ready to cross down and establish a down trend HFX - No clear trend DRG - Very negative MACD value and has gone flat. DRG appears that it could start an uptrend in the not to distant future. It has not as yet. Thus, this market has a clear downward bias at the moment. It is beginning to look like the 30 year yield MAY have peaked. That has not been confirmed. If that is the case, it is slowing economic activity (see XAU) and not inflation that has this market worried.