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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: jjs_ynot who wrote (18015)6/21/1999 9:09:00 AM
From: Les H  Read Replies (2) of 99985
 
The TRIN-10 reached the overbought threshold of .75 and TRIN-5 is well past at .63. My figures comes from hand-entering Yahoo's breadth data.

The values for the DJIA/NYSE aren't as low, but match recent lows at recent reaction highs.

The 21-day Stochastic reaching 90 also supports the pullback case.
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