Forum Archive Index - September 2002

["Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>]

Nick

 

I wonder if it might be helpful, in the context of the "STOCK STUDY" discussion, to have a brief look at the "big picture" issues for a bit.

 

Phaedrus

 

Some time ago (many months) you posted a chart of the DJIA along with a discussion about indicators that showed you when it was time to scram the US markets. Would you mind re-posting that chart along with an update.

 

Another question for you. Do you find the DJIA a better indicator of US sentiment than the S&P500?

 

My interpretation (without a chart) is that which ever way you look at it both indexes are still in a confirmed downtrend. However there has been a little life in the markets and we are looking for a couple more higher lows to confirm a reasonable shift in sentiment. 9/11 will no doubt result in a glitch of some sort short term but God forbid if that date passes smoothly it will be interesting to see how the short term uptrend continues over the next few weeks.

 

Cheers from a very stormy Marlborough Sounds!

 

Brian