MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: jjs_ynot who wrote (17972)	6/20/1999 1:04:00 PM
From: Les H	Read Replies (1) of 99985

Depends on one's parameters. The daily MACD crossed over with a buy signal last week however the weekly MACD gave a sell several weeks ago and continues to move down. The Wilder RSI broke a downtrend line from April in conjunction with the S&P making a new reaction high in the right side of the "W" bottom. However, the 5-day Wilder RSI and the overbought TRIN readings on both markets indicate a short-term pullback is near.

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