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Dow 30 Market Timing
By Kenneth Coleman
There are 11 bulls, 8 bears, 8 holds & 3 basing stocks. I should
remind readers that the signals buy, sell, hold, sell short, etc.
are not direct action signals. They are given to provide some idea
of money flow accumulation or distribution. Use your 15 percent
loss & 25 percent loss of profits as a point to sell. A 2-Buy signal
is an ideal time to buy as long as the Money Flow Index is bullish.
At this time the Money Flow Index is still bullish, but is in
very high territory. We usually get a correction when the NYSE Money
Flow Index moves to these levels. This is not to say the Money Flow
Index couldn't back & fill at these levels, then move higher.
The good news is Harold, the money flow computer, has come up
with six stocks under accumulation -- one is Alcola. This goes hand
in hand with the slight increase in technical & fundamental data
signaling price increases are on the way. [Editor's Note: Ken's
comments/data reflect his opinion at 4/30/99.]
| Corporation |
Symbol |
Phase |
| AT&T |
T |
5 |
| Alcoa |
AA |
2 |
| Allied Signal |
ALD |
3 |
| American Express |
AXP |
4 |
| Boeing |
BA |
5 |
| Caterpillar |
CAT |
5 |
| Chevron |
CHV |
3 |
| Citigroup |
CCI |
3 |
| Coca-Cola |
KO |
5 |
| Disney |
DIS |
5 |
| DuPont |
DD |
2 |
| Eastman Kodak |
EK |
5 |
| Exxon |
XON |
1 |
| General Electric |
GE |
3 |
| General Motors |
GM |
5 |
| Goodyear |
GT |
1 |
| Hewlett Packard |
HWP |
5 |
| IBM |
IBM |
5 |
| International Paper |
IP |
3 |
| J.P. Morgan |
JPM |
4 |
| Johnson & Johnson |
JNJ |
3 |
| McDonald's |
MCD |
5 |
| Merck & Co., MRK |
|
5 |
| Minnesota Mining |
MMM |
5 |
| Phillip Morris |
MO |
5 |
| Proctor & Gamble |
PG |
4 |
| Sears |
S |
1 |
| Union Carbide |
UK |
2 |
| United Technology |
UTX |
3 |
| WalMart |
WMT |
4 |
|
| Phase Suggested |
Action Suggested |
Phase |
Action |
| 1 - 1-1/2 |
Cover Shorts |
5 - 5-1/2 |
Sell |
| 2 - 3 short |
Buy |
6 - 6-1/2 |
Sell |
| 3-1/2 - 4-1/2 short |
Hold |
7 - 7-1/2 |
Hold |
[Editor's note: Ken Coleman is the country's only "Investment
Tracker." He tracks all the money flowing into & out of the total
investment spectrum of G7 nations. Due to his unprecedented timing
predictions using money flow analysis, he, like Larry Oakley, is
in Who's Who in the World in Finance & Industry. He is editor of
Kenneth Coleman's Investment Tracker newsletter. Call him at 760-720-0107
or call the publisher at 800-380-2891.]
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