MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

4:00 PM EST

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To: oldirtybastard who wrote (79977)	7/11/2001 12:33:30 PM
From: eichler	Read Replies (1) of 99985

ODB, That's pretty negative. But if record levels are achieved, I wonder how far from a top on that insider selling. Thinking there is a fair chance for a rally soon, a short term affair, to relieve some of the oversold condition. 60 min compx stochastics and adx confirming a slowing of down action, might be a change in the weather brewing. Of note would be that if we closed right here on the daily(compx), that would be a doji and most probably would mark a turnaround for this latest round of down action. A few days of up would then be likely, no prediction of how strong, and of course, that does not discount the possibility of heading lower after some up. Thinking right now good possibility the selling may have run out of steam.... Regards, Eichler

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