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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: SpongeBrain who wrote (6880)2/23/1999 8:42:00 AM
From: donald sew  Read Replies (1) of 99985
 
Sponge,

Thanks for your comments. Heres something I noticed. Last APRIL-JUNE the market was rangetrading before the upswing in JULY. At that time the A/D was also relatively flat. However during the current range trading period, somewhat similar to APRIL-JUNE, the A/D is going down. Many are expecting a huge breakout to the upside like last JULY, but Im not that comfortable with that idea in light of the declining A/D, as compared to a flat A/D back in APRIL-JUNE.

Seeya
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