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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: HairBall who started this subject	2/11/2001 12:16:38 PM
From: byhiselo	Read Replies (1) of 99985

more work at a bottom needed: based on weekly Directional movement: stockcharts.com[l,a]waclyymy[pb50!b200][vc60][iUb14!La12,26,9!Ll14] stockcharts.com[l,a]waclyymy[pb50!b200][vc60][iUb14!La12,26,9!Ll14] look at the Jan/Feb 2000 period on the charts above, notice the jig in the +DI after its fallen below ADX, but the market continues to rise into March now on the right side of charts, notice the reverse in the -DI after its fallen below the ADX, almost inverse of 3/00 action, implying more downside a -DI reading above 40 maybe needed to reverse downtrend but note that in the above charts +DX pierces 40 in Dec/99 but top is not in place until 3 months later, so we are in for an extended bottoming process lasting another 3-6 months at least signal for ltbh: ADX falls below both +/- to around 14 and +DI begins to rise, will take some time cheers

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