MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Patrick Slevin who wrote (180)	12/3/1998 2:27:00 PM
From: HighTech	Read Replies (2) of 99985

Looking at modified TRIN, the trend has been down over the last few weeks and is heading toward -0-. Also, the 25-day a/d has been dropping and is approaching negative numbers.(I use IBD numbers) The weekly MACD on markets indicates decreasing momentum. The histogram is leveling off but has not yet turned down. It can go down for several weeks as the markets continues up, but it almost always is a leading indicator of market direction. Could be just consolidation, but I would not be surprised to see continued weakness the next two weeks given upcoming preannouncements. HiTech

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