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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: nicewatch who wrote (5659)2/8/1999 12:55:00 AM
From: Lee Lichterman III  Read Replies (5) of 99985
 
WOW, your TYX chart stochastic grid seems to be implying a reversal off the middle tines of your forks. That would mean a move back into bonds and out of the equities if I am reading that right.

This is gettng more and more confusing by the minute. XAU implying a move up in the SPX, TYX implying a move down and the DOW straddling two forks with my SPX chart showing multiple scenarios also.

Still I think the majority of views here goes with my chart reads so far in that we should have a short term bounce later this week with a down turn coming there after. Dennis posted on the Stock attack thread that the bearish reading is 17 I think and also showed the short interest chart displaying a huge drop in short interest. IN past discussions though didn't we come to the conclusion that that data was delayed a couple weeks?

I don't trade soybeans but that kagi chart looks like a bull flag that has lasted longer than any flag I have ever seen. Is that thing ever going to break? LOL

Lee

PS, I had just tried to follow the link to that address a few minutes before you posted it was up and it didn't work and was about to PM you. You must have read my mind.
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