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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: StockOperator who wrote (3128)	12/31/1998 8:19:00 AM
From: Debra Orlow	Read Replies (1) of 99985

you have to look at the averages that are the weakest (Russ.-Trans.)......Right now those charts are still bullish. Granted, we are not out of the woods just yet StockOperator, this will be interesting to watch indeed. As I discussed yesterday morn, I had gotten a bunch of perfect sell signals on numerous index charts on Tuesday nite. Well, I got a bunch more last nite, including the RUT and WSX (Wilshire small cap). Trouble is, it's not AS perfect as I would like, since it broke out of a relatively long trend channel instead of dipping in between macd peaks. Wouldn't play this if it was an individual stock chart, but I have to give it the benefit of the doubt since there are a ton of other charts that ARE perfect, all showing that same bearish macd divergence. It might be a case of throwing the baby out with the bathwater. I'll play the bathwater tho. No matter how it works out, this sure will be interesting ....... Debra

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