MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: eichler who wrote (76438)	5/3/2001 1:29:55 PM
From: eichler	Read Replies (2) of 99985

5e8s crossover signal still in effect on 60 min $compx chart. Stochastics not yet oversold. ADX negative. 30 ema being challenged, if it breaks below, very bad news. Don't like the look of individual charts I've checked, this could turn out to be nasty. Did find one play of interest to me. A defensive play on the long side, cheapie gold stock - KRY. Nice looking bull flag on the 60 minute chart. Main problem is lack of volume, therefor risky. Do you own DD and best of luck. Regards, Eichler

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