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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: eichler who wrote (79002)6/20/2001 3:58:27 PM
From: eichler   of 99985
 
Well, as bearish as I have been lately, I'm seeing the daily compx chart stochastics rounding the bottom and appear to be turning up with 4 solid days holding the line at support of
50% retrace. I would now be turning more positive, looking for perhaps some positive movement in the better quality name stocks. The pennies still are behaving like losers. I don't think the downside is finished, only done for this current round of action.
Regards to all,
Eichler
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