MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: John Pitera who wrote (2198)	12/17/1998 1:50:00 PM
From: pete	Read Replies (1) of 99985

JOHN,what is your view on the terrible breadth numbers all week long.Even during market advances the market breadth is very poor.Also during this whole week the tick stays in negative territory through out the day.Even with the big run up on Tuesday the tick was 90% in negative territory.Is this saying the public is buying as the specialist unload or vice versa.Friday is supposed to be a Bradley trend change date,will the trend turn back down strongly?The stochastics for all major indices are in overbought region,5 minute 15,30 and 60 minute charts are all overbought.Also the MACD is ready to violate the zero line also very negative.John is my analysis dead wrong and should I expect the begining of a very strong market advance especially during a normally strong seasonal time frame.

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