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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.83+0.3%4:00 PM EST

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To: Tom Pulley who wrote (83475)10/23/2002 6:07:24 AM
From: Northern Marlin  Read Replies (1) of 99985
 
Hello Tom,

The chart you provided extends from the beginning of the last secular bull market in 1982 through the beginning of the current secular bear market that we're now experiencing. The difference that I see between the majority of times that the weekly stochastic hit 20 and the time when it hit 20 in March of '01 is the type of market: bull vs. bear.

One might expect a target near the 50 MA on that chart, another 10-15% gain from here. But the general trend has changed from up to down.

Phil
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