MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

4:00 PM EST

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To: James Strauss who wrote (1617)	12/13/1998 11:11:00 PM
From: pete	Read Replies (1) of 99985

James,I agree with your market view.I think it will be a tough week ahead!Even though normally a strong week during expiration.Usually the Wednesday before expiration is the strongest day or the week.If we can not rally on Wednesday,watch out below.The stochastics on the Nasdaq and the SP500 AND SP100 are starting to slope down.Also the MACD and MACD Histogram are also showing bearish signs.One confusing item is that the Dow stochastics are mostly oversold so will they get more oversold?

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