MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

+0.3%

Nov 5 4:00 PM EST

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To: Zeev Hed who wrote (76935)	5/13/2001 5:54:48 PM
From: Mike M	Read Replies (1) of 99985

Zeev, it could happen tomorrow, but, until the MACD fast line breaks through, the momentum remains to the upside. We certainly saw a number of times when the market was dropping that the fast line simply continued to run down from the point of intersection. Stochastic shows the short term oversold. The daily still looks overbought. Could be a day or two of attempted rally. This market remains dangerous in both directions right now.

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