MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (45633)	4/11/2000 7:11:00 PM
From: bobby beara	Read Replies (2) of 99985

Heinz, we had a minor change reading in the McOscillator today (a push between advancers and decliners) and we have a bearish divergence between the oscillator which has been making lower highs since March 24th and the dow/nyse which has been making higher highs. Also i believe the transports, which closed on the 200 dma today are running into price resistance between here and the 3100 area. i think the old economy stocks are getting close to a tradeable top, the question is will they rotate the money into the oversold nasdaq or will the whole shebang go bang again -gg-

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