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 662.63

+0.4%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (7058)	2/26/1999 10:08:00 AM
From: Les H	Read Replies (2) of 99985

I got a strong sell (0-100) on the Dow last night. The new highs/new lows continued to contract/expand respectively, not particularly supportive of a "comeback" rally. Most of the averages approached either the 50-day moving average (SPX, OEX, Dow, Nasdaq, etc.) and/or their recent reaction lows of January which have been tested several times. In the case of the Russell 2000 and the MDY, they're retesting December lows. The percentage of stocks above their respective moving averages: recent low comparative low 2/25 2/17 6/15/98 10-day 39% 21% 15% 21-day 29% 20% 17% 50-day 32% 30% 16% 200-day 39% 38% 45% Yesterday coincided with end of 10- and 20-week cycles.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next