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Correction "started with the decline" should be "ended with the
decline".Sorry about that.
Dom
----- Original Message -----
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Saturday, January 13, 2001 6:56 PM
Subject: Re: [RT] MKT - INDU
> A look at the DJIA daily chart looks bearish to me On 9/15 we made an
> intraday high of 11110. On 1/03 we had an outside day with an intra day
high
> of 11015.On 1/04 we made a higher high than on 1/03 of 11028 on lighter
> volume than on 1/03. Looks south on Dow. The rally on the Dow of
> approximately 1000 points from 7/28 to 9/06 started with the decline that
> commenced on 9/15 that's why I went back to 9/15. We could not even
achieve
> the 9/15 level. The foregoing was strictly from chart inspection . My
> indicators are not up to date.
> Dom
>
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
> Sent: Saturday, January 13, 2001 11:07 AM
> Subject: [RT] MKT - INDU
>
>
> > Just wondering if anyone else has a take on this DJIA Diamond pattern?
Is
> > it still operative or has it expired? The NSync oscillator(a composite
> > oscillator) suggests the best buys occur when the Daily and Weekly have
> > dropped to the 20% level. Both are below 50% and headed down as of the
> last
> > few weeks. The Monthly crossed below 50% in Oct/November after many
years
> > above 50%. When the Daily and Weekly cross under the Monthly some
serious
> > price erosion occurs. This sort of has the feel that the year end rally
> > started in October and has been peaking . The next post will look at
the
> > NYA net cumulative volume with respect to the DJIA.
> >
> >
> > BobR
> > http://www.oextrader.com/sigma_trader
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
>
>
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>
>
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