MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

4:00 PM EST

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To: HighTech who wrote (950)	12/8/1998 5:57:00 PM
From: Debra Orlow	Read Replies (2) of 99985

HiTech, what I wanted to show was the action this morning, when the price made two new highs, but the macd was lower on the second high. I went short on the second high, covered when I saw some demand come in. I only play these for short-term drops, unless the 5-minute chart is confirming the daily. At the close, it might be a buy signal. I only play divergences, much more powerful, and it is not showing a bullish divergence right now. Debra

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