Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

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To: .Trev who wrote (945)	1/2/2001 10:18:44 PM
From: Susan G	Read Replies (1) of 5732

Still looking at the damn chart <g> now you've got me curious! On a weekly and monthly... The stochastic is also more oversold than it has ever been in the history of the index, it has not been this oversold since 1991. The -DI is about to cross up over the +DI indicator, a negative indicator, that has not ocurred since 1991. The +DI on the ADX indicator hit a low it has never seen in the history of the SPX index. The sell signal this indicator gave was on 9/1 and the selling has not reversed since then. If it was a stock I'd think it was about to turn up and had bottomed here because it was so oversold, but the ADX is not at an extreme yet which would indicate a trend reversal. The MACD indicator looks like the selling has a long way to go before it's over. It gave a sell signal in Jan 2000 that has never turned back up on the monthly chart. YEOW... things are not looking good here, unless there is a major turnaround and FAST. Otherwise. I think all hell is about to break loose. Hmmm, didn't I hear that somewhere recently?? LOL Wish I was more of a TA expert, hope this helps!

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