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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.70-0.3%Dec 8 4:00 PM EST

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To: HairBall who wrote (2287)12/18/1998 10:13:00 PM
From: Moominoid   of 99985
 
Market Edge-Second Opinion reading on SPY (which I assume would apply to SPX too):

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND

Chart pattern indicates a POSSIBLE TREND REVERSAL

Relative Strength is NEUTRAL

Up/Down volume pattern indicates that the stock is under DISTRIBUTION

The 50 day MOVING AVERAGE is rising which is BULLISH

The 200 day MOVING AVERAGE is rising which is BULLISH
RECOMMENDATION

STOCK SHOWS MILDLY DETERIORATING CONDITIONS SCORE = -1

IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION

STOCK IS NOT A SHORT SALE CANDIDATE
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