MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.81

+0.6%

Jan 6 4:00 PM EST

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To: HairBall who started this subject	10/5/2001 2:06:40 AM
From: Psycho-Social	of 99985

Overbought Reading: Jake Bernstein's DSI's are entering overbought territory with the Nasdaq Bullish reading at 71% 3dy mov ave, and 68% 5dy mov ave. The 4 week rally in 1yr Nasdaq Business Expectations (3 to 6 wk lead) suggests that there's more upside potential in the weeks ahead, but we'll probably have a short term sell-off in the next week or so.

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