MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.59

+0.6%

Dec 19 4:00 PM EST

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To: marginmike who wrote (65324)	12/27/2000 8:15:35 PM
From: davidneeran	Read Replies (1) of 99985

Another Opinion... Wednesday had strong issue and volume followthrough from Tuesday as trading picked up steam. INDU did move above and closed above its 200 day moving average as its stochastic went into trend mode and its Rate of change turned positive. NYA did close on its upper trading band as its McClellan Oscillator hit its upper band. 5Advol is in an upward trend X mode. Sentiment and PCRatios are not so bullish as a few days ago, but they are not bearish yet. The technical expectations would be for the INDU to continue up to its +3.5% band now at 10992. From a 5 day momentum standpoint, things are beginning to push the limits of trigger happy traders, but so far any selling is met with more powerful buying. For the Nasdaq, it does look like the Trendexhaustion Index, TEInaz is indicating the low is in. CODInaz is CODInaz is on a buy as is the ADnaz . Historical stats point to this period as one with the highest probability of being long going into the next year. oextrader.com

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