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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: Smooth Drive who wrote (20918)	7/23/1999 2:54:00 AM
From: Challo Jeregy	Read Replies (2) of 99985

Hi Eric. You said "I've found one particular indicator that when it diverges with this High Low Index there isn't much of a pop -- but when it confirms, it can be a pretty good move. When this chart reversed up on 6/29/99 it diverged and there hasn't been much of a pop. But, today the chart reversed down for a sell signal and I also have a divergence with the other indicator. ??????? If a divergenge means that there isn't "much of a pop", and you are showing a divergenge now, does that indicate that the short-term downside is limited? tia, Challo

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