MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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To: donald sew who wrote (6916)	2/24/1999 9:23:00 AM
From: Les H	Read Replies (1) of 99985

I got a weak sell signal in AIQ on the Dow yesterday (8-92) since the high/low indicator reversed down. In addition, the weekly 10-period SK-SD (double-smoothed stochastic)for the Nasdaq just crossed over to the downside. It's close to crossing over for the Dow. This tends to give peaks and troughs about 9 months apart. The last crossover to the downside was in late May of last year. The daily 10-period SK-SD on the Nasdaq is in oversold territory and appears to be bottoming out and may give a short-term buy later in March.

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