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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.53

+0.2%

Dec 2 4:00 PM EST

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To: bobby beara who wrote (5539)	2/5/1999 9:27:00 PM
From: donald sew	Read Replies (4) of 99985

Bobby, >>>>> Lower Highs on the RSI and Higher highs on ALL OF THE INDEXES. Just one more bearish divergence. <<<<<< Yes, Im aware of the many divergence; however it is extremely hard to time the market on the divergences. You make a valid point on the RSI. What parameters are you using for the RSI. I dont think the DOW will set new highs, but I believe that there will be some sort of pop soon. I feel that if 9100 range holds on the DOW there could be a substantial upswing, and the lower it goes the weaker the rebound. For now I think that 9100 could be the key to the following rebound. seeya

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