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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: Terry Whitman who wrote (26104)9/16/1999 5:13:00 PM
From: Matthew L. Jones  Read Replies (1) of 99985
 
I assumed that the sarcasm was obvious. Yes the A/D is sick, the new highs/new lows is even worse. The transports are the worst in ages and the increases are on the backs of fewer and fewer stocks. However, most stocks are way oversold (not to be confused with undervalued) and in the absence of intense selling pressure, will in the near term turn upward IMO. Matt
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