|
EOD
|
Wednesday
|
|
May
26, 2004
|
05274Q
|
|
DIRECTIONAL
GAUGE
|
|
DIRECTIONAL
GAUGE NOTES
|
|
26-May
|
UP
|
DOWN
|
If DOWN
is 0 Then the trend is UP
|
|
OEX
|
8
|
0
|
If UP
is 0 Then the trend is
DOWN
|
|
QQQ
|
10
|
0
|
When "Maximum
Score" is 10 for more than 2 days then market
|
|
DJX
|
8
|
0
|
Market is "overbought"
or "oversold" and a
reversal
|
|
SPX
|
10
|
0
|
in expected.
|
|
MNX
|
10
|
0
|
If DOWN
is 0 and UP
is 0 then expect a trend reversal
|
|
Maximum
Score is 10
|
|
|
|
|
POWER
STRUGGLE
|
|
POWER
STRUGGLE
|
|
26-May
|
BULL
|
BEAR
|
This
table is calculated from New highs
of the O-H-L-C-Avg
|
|
OEX
|
76
|
24
|
prices
of the past seven trading days, and the New
Lows of same.
|
|
QQQ
|
87
|
13
|
|
|
DJX
|
68
|
32
|
|
|
SPX
|
81
|
19
|
|
|
MNX
|
84
|
16
|
|
|
Maximum
Power is 100
|
|
|
|
|
26-May
|
Resistance
|
Support
|
Close
|
Resistance
Support Levels
|
|
OEX
|
557
|
533
|
542.60
|
When
Close is at or greater than Resistance
|
|
QQQ
|
38
|
35
|
36.19
|
the
market has moved with CONFIDENCE to a new high.
|
|
DJX
|
105
|
100
|
101.10
|
When
the Close is below Support then
Bears are
|
|
SPX
|
1140
|
1089
|
1,114.95
|
full
of FEAR and bearishness prevails more downside is likely
|
|
MNX
|
149
|
139
|
145.39
|
Close
between is likely consolidation until a breakout
|
|
Note:
Resistance
and Support
levels are from the past 23 trading days
|
|
|
Average
|
CL
Above
|
%
|
|
|
|
|
|
|
|
OEX
|
545
|
(2.40)
|
-0.44%
|
Close
is above or below
|
|
QQQ
|
37
|
(0.31)
|
-0.85%
|
the
average of the Resistance and Support
|
|
DJX
|
103
|
(1.40)
|
-1.37%
|
|
|
|
|
|
|
|
SPX
|
1115
|
0.45
|
0.04%
|
|
|
|
|
|
|
|
MNX
|
144
|
1.39
|
0.97%
|
|
|
|
|
|
|
C. Drew Willingham Copyright © 2001 Aggressive Investor Group LLC All rights reserved. Revised: February 27, 2008