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The Bull Trap at work and AGAIN acknowledging the 'century' old Charles Dow Theory.
See the att. "BullTrap.gif".
Note that I had to combine both indexes price bars indicators into the 1 chart window
for the Averages visualy viewable HUGE MISMATCH.
Also the APF Channels are not made available to get shortened by its user, so
its Trend Channel lines automatically runs into the other Average's spacing territory.
A clear clean splitter bar between the two Averages Price Bar Indicators wasn't directly
available to user either.
Just overlook these visualy annoying problems, as the 2 Averages are telling viewers
to expect a very bad and very wet-ice-freezing cold winter.
Infact their charts Price indicators forcast a plain very bearish outlook, not a bear-market
as yet though, as this is still within the correctional phase.
A later future attempt to escape BOTH side by side, from the lower bottom channels
correctional levels will prevent it to turn into a TRUE bear-market.
Since most of the EURO Exchanges have already technicaly corrected the previous Up
Trends gains, since start with the Major Low 1994, with a mere 40 to 50 %, a lesser
declining effect on these EURO exchanges can be expected, eg the Dutch AEX Amsterdam
Exchanges Index has already hit the 808 level since the last recorded All Time High of 1323.
Calculated from the Top then a roughly 40% correction has already been taking place.
A 50%(or +) would result in a test of this Mid-winters target level of 662 and currently
this AEX is found at 1057.
>From the coming Jan, 1st 1999 E-day(EURO conversion day) valid for the EURO Exchanges,
a switch to the DJ EURO STOXX 50 Index can be made to measure Markets economic
temperature and weather in EUROLAND continent, and will reflect world-affairs
"directly and immediatly".
Historical Data for this index dating back to Dec, 31st 1991 is available at
http://www.stoxx.com/download_desk/historical_indexes.html
and note that there are 4 calculation versions made available of the Daily Prices for the
2 different baskets, the DJ STOXX 50 and the DJ EURO STOXX 50. This last mentioned
index cointains 50 of the largest market capitalisation weighted companies of the 11x
participating and only TRUE EURO countries.
STOXX 50, of wich current DM versions futures are traded at the DBG's Deutsche Borsse
Groupe's Termin Borsse, the DTB, four(4x) different versions are:
1. the DJ STOXX 50 (DM)
2. the DJ STOXX 50 (US$)
3. the DJ EURO STOXX 50 (DM)
4. the DJ EURO STOXX 50 (US$)
of wich I have chosen to follow the first #1, as that Index will be the TRUE core index for the
rest of the financial and economic world to be reckonned with.
Question:
Isn't it about time the DJ Indu gets a 3 to 1 stock split?
Daily values will then roughly match that of the daily DJ Transp and give everyone a more
instant 'clear' picture on the Markets 'normal' behaviour and these twin-averages behaviour
in particular.
Regards,
Ton Maas
ms-irb@xxxxxx
cc - Metastock Users Group NL
cc - The Dow Jones & Company (suggestion for the above stock-split of DJ Indu into 3 to 1)
Attachment Converted: "c:\eudora\attach\BullTrap.gif"
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