Strategies & Market Trends : MDD - Market Direction Discussion


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To: James Strauss who wrote (23577)8/23/1999 11:14:00 AM
From: James StraussRead Replies (1) of 84056
 
The Market...
**************

The broader S&P 500 shows its 5 day MA crossing the 20 day MA on the intraday chart...
techstocks.com 

So, we now have the officers (S&P 500) following the
Generals (Dow) upward...

But wait... What about the enlisted men/women (Nasdaq)???
techstocks.com 

The 5 day MA has also crossed the 20 day MA on an intraday basis...

So, we have all the troops marching up the hill in lock step... New highs can't be far off...

What about the Transports? You ask...
techstocks.com 

The intraday chart is showing the 5 day MA about to cross above the 20 day MA... If this
keeps up we could get a Dow Theory buy signal in the not too distant future...

Jim
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