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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: GROUND ZERO™ who wrote (28708)10/7/1999 10:12:00 PM
From: Lee Lichterman III  Read Replies (1) of 99985
 
>>we may very well be in a bear retracement and near the top of it as well..<<

I also was thinking of a bullish fib retrace I just noticed tonight. Does anyone have any thoughts thatthe Dollar drop is a fib retrace of the longer term rise over the last year? I show the DXY was around 92 in Sept last year with a rally to 104 this summer and now we are moving back down to the 97 area. This should be approaching the make or break level soon for either a fib retrace or else something more serious.

EDIT - Benkea - Yeah, but the A/D isn't going up with the recent rally either. Is the glass half full or half empty? <g>

Good Luck,

Lee
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