MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: HairBall who wrote (1523)	12/12/1998 5:03:00 PM
From: dj8000	of 99985

from TA point of view, short term, the market seemed weak in a sense many statistics are almost the same as oct. low: iqc.com for example: RSI: 48.27, OCT: about the same stochastics: about the same as Oct from graph. MACD histogram: across zero. OTC: a bit lower at that time. But this means DOW already has the correct pull back and won't have much room to go down from here. (IMO) but for NASDAQ, all indicators above are WAY above their Oct. high which means trouble. iqc.com DJ

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