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Strategies & Market Trends : Technical Analysis - Beginners

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To: David Raine who wrote (8994)12/17/1998 1:16:00 PM
From: Kaliico  Read Replies (2) of 12039
 
A trend I am noticing, MACD STOCH and %R

... for a few stocks I monitor such as DRIV BYND PTVL NEWZ and others out of the I-net sector.

The Williams %R and stochastics indicate oversold conditions and potential buys, yet the MACD 8-17-8 for most is moving into negative territory indicating a continued down trend. Again I see this for many stocks across the spectrum. I understand a MACD move out of negative territory combined with favorable stochastics and %R is a good buy signal. Yet i see the signals opposed, is this simply saying these stocks will continue to trend down, even more general, is money moving out of the broad market?

Any thoughts are greatly appreciated. Thanks.

Regards,

MJY
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