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In a message dated 98-09-12 13:52:33 EDT, you write:
<< To expand it a little, I believe the DJIA is trying to set up a volatile
sideways or horizontal channel trading range between 7500 and 8000. >>
Jim,
Your trading range theory has support from another direction. The 20 day
Bolliger Bands for the DJIA are about 250 percent of the 200 day average. It
seems likely that the width of the Bands will move back towards the mean in
the near future.
Dan
Pocatello, ID USA
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