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MKT - DOW monthly 8-1-97



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The following two posts display Mel Widner's weekly and daily momentum
rainbow featured under New Techniques in the July 1997 issue of TASC.  The
Ergodic 3Dosc comes from Bill Blau's work as modified by Clyde Lee.
Kenneth Schubert provided the Ergodic MDI oscillator, also from Bill Blau's
book titled "Momentum, Direction, and Divergence.

The daily chart is on the verge of generating a sell signal.  The weekly
shows decreasing momentum.  The monthly won't update until the end of August.

BobR
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