MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockOperator who wrote (6851)	2/22/1999 6:14:00 PM
From: bobby beara	Read Replies (2) of 99985

SO, we broke the Dow triangle with exhuberance and closed on the high, McCllelan Oscillator after trading in a narrow band for over a month in negative territory broke across O today, coming off three higher lows. We also broke the downtrendchannel of the nasdaq today. This buy spike should have some legs and I believe volume will follow thru when all the the analysts who went on sell signals will go back on buys signals. Market is oversold on RSI and breadth basis and nasdaq 9 day RSI crossed 50 today (barely) after registering a low of 36 last week. bb

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next