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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: Fun-da-Mental#1 who wrote (35106)	12/13/1999 2:30:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Fun, i actually agree with Favors that the a/d line looks oversold...however, i find it amazing that a collapsing a/d line is now finally spun as a bullish event by someone. we could be in for a time of falling indices accompanied by a rising a/d line one of these days...although deep down i don't really think so. when the selling in the mania stocks begins, the people caught in them at high prices will just sell. they're not going to think about buying value stocks instead, at least not right away. hb

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