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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: HairBall who wrote ()3/15/2000 4:22:00 PM
From: sandeep   of 99985
 
The DOW -
Since Jan 19th, The DOW has closed below its 10-day EMA and 20-day EMA for every day except 2. March 3rd and today. It has NEVER closed above 20-day EMA since then.
Technically, in my opinion, it needs to close above 10050 tomorrow and preferably near the high of today for it to end the downtrend.
Another positive factor for the DOW is that the lower lows (02/27, 03/08, 03/13) have occurred with higher low stochastics.
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