MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Jorj X Mckie who wrote (2477)	12/21/1998 2:14:00 PM
From: Challo Jeregy	Read Replies (1) of 99985

OK, XO. I can understand that. But, in the context of the S&P, which is more broadbased than the DJ-30, what is OJ saying? That the reversal in the SP is ST, like last May and watch to see if the DJ turns? I guess what I'm asking is this (and what got me so confused in May): at what point do P&F signals have to significantly change to show that the market is once again turning positive? When all of the leading P&F indicators turn positive (NYSEBP, BPOPTI, 10-week, HI-LO, BPOTC), or the big guy? The S&P turning positive is not enough? Confused, as always. %-} Challo

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