MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (82844)	3/15/2002 11:19:48 AM
From: Tom Pulley	Read Replies (2) of 99985

The Nasdaq has taken the 50-100 point drop my model was looking for to relieve the overbought condition a bit, so with a little luck we'll head higher by Tuesday or Wednesday next week. Message 17176358 In the link below,the daily RSI 14 has moved back to 50% which is a fairly common area for a minor pullback to end and the MACD's are getting to the point that this pullback will either end at or accelerate down. I'm betting we are setting the stage to go higher. stockcharts.com[e,a]daclyyay[pc20!c50!i][vc60][iUp39,13,7!Ua20,26,9!Ue20,26,9!Ua12,26,9!Ll14!Lh33,1!Lb14][J2825386,Y]&pref=G Tom

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