MDA - Market Direction Analysis

[LG]

Dow Jones Industrials Weekly Semi-log Chart going back to 1960...

My TradeStation INDU (Dow Jones Industrials) Weekly Semi-log Chart

This chart denotes momentum by comparing the close to
the 200 Week SMA (Simple Moving Average). I do it two ways,
first price to price, but that has a flaw in that as price
fluctuates (more importantly as it gets higher) the
relationship gets skewed. So, I use the second method which
compares price to the 200 Week SMA via a percentage, which
compensates providing a truer graphic of the relationship.

NOTE: This graphic is a screen capture of a chart across two 19
inch monitors. Be advised it is very wide...



LG