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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: Doug R who wrote (17932)	6/22/1999 1:12:00 AM
From: Vitas	Read Replies (1) of 99985

Doug, I see the 13 day rsi stopped at the 8/31 through 2/9 line today. Another line is the down trendline from 11/23 through 4/12. Are you looking for it to stop here or at the down trendline? Is breaking the down trendline from 4/12 through 5/13 significant or just a short term break? Is the "5/36" trendline 5/6? I'm looking for the possibility of significant weakness to develop based on the double failure of the 1% ema of a-d to get above zero during this blastoff from October. Tomorrow is trading day 27 from the 5/13 top, which was the October 29 and October 87 starting point of plunge city, under the 55 calendar day crash pattern. Interestingly enough, there was a MACD headfake in October 87. The reinvestment of dividends phenomenon happens the third month of each quarter. Dividends are mailed on the 10th. Seasonal strength usually results. Vitas

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