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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: Stcgg who wrote (29541)10/14/1999 8:43:00 AM
From: Les H  Read Replies (2) of 99985
 
I've gotten new strong sells in the Nasdaq Comp and NDX after yesterday's close.

1. break of 21-day EMA
2. 21-day Stochastic crossover (down to mid-40's already)
3. U/D volume oscillator reversed down
4. A/D oscillator reversed down
5. NH/NL reversed down

We could see a bounce by intraday today or tomorrow as the stochastics have already fallen from the 90's to 43 for the NDX.
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