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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: Debra Orlow who wrote (2412)12/20/1998 9:27:00 PM
From: John Pitera  Read Replies (2) of 99985
 
Debra, The NASD is showing a nice double divergence on the daily charts...for those of you who were following out ruminations on what MACD and RSI Divergences look like this is a reasonable example

tscn.com

note the 2 last higher highs in price have occured with lower highs on the daily Rsi's and Macd's.. In fact, the Macd has 3 divergences and has stayed below the 0 axis on the new high on Friday.

Regards,

John
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