MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: Davy Crockett who wrote (79514)	7/5/2001 8:22:42 PM
From: eichler	Read Replies (1) of 99985

Peter, Thanks you. The XAU chart has already retraced beyond the 62% retrace from the 4/3 low to the 5/18 high and stochastics are quite oversold. The ADX is providing a clue that perhaps the downside is limited from here...D- has changed direction back down so maybe some positives will start to shape up there... No definitive buy signal yet IMO 60 minute chart looks promising tho too early to say for sure...got a higher low 7/5 than 7/2... E

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