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I will send a .gif on the NASDAQ with the DJIA .gif.
I will try to add some commentary to your question.
Harley Meyer
On Fri, 17 Oct 1997 08:39:37 -0000,
sbuss@xxxxxxxxxxx wrote...
>Harley,
>
>I noticed that the Nasdaq Composite broke its trend line running from April
>'97 through two lows in August '97.
>
>Does this constitute confirmation of a negative outlook for the Dow?
>
>Steven Buss
>Walnut Creek, CA
>sbuss@xxxxxxxxxxx
>
>
>-----Original Message-----
>From: Harley Meyer <Harley.D.Meyer-2@xxxxxxxxxx>
>To: rcrich@xxxxxxxxxxxx <rcrich@xxxxxxxxxxxx>
>Cc: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>;
>Brahm.Matthew@xxxxxxxx <Brahm.Matthew@xxxxxxxx>; randy@xxxxxxxxxxxxxxxx
><randy@xxxxxxxxxxxxxxxx>
>Date: Friday, October 17, 1997 3:18 PM
>Subject: Re: DJI update
>
>
>>
>>>
>>> Simplify for us simple folks Harley. Will support @7900 hold?
>>
>>The DJIA is around 7880 as I type. To answer your question nobody really
>knows.
>>Lets be honest here.
>>
>>But I can tell you something. That I do know. The 4 to 5 basic patterns
>that I
>>have shared over the last few months tell me what will not happen. i.e.,
>>
>>If all the patterns indicate that the market is to move up then it will.
>How
>>high? I don't know. If the patterns are missing (for moving up) and if the
>DJIA
>>moves up, there was never a guarrantee that the market would stay up.
>>
>>These are observations from going back and looking at data. What we have
>been
>>missing is that big surge in up/down vol ratio.
>>
>>Until the 4-5 conditions show up again we are not going to be moving up
>with
>>confidence.
>>Harley Meyer
>>meyer093@xxxxxxxxxx
>>
>>
>
>
Harley Meyer
meyer093@xxxxxxxxxx
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